2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.6%
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2.2%
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3.8%
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4.1%
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Detailed explanation-1: -The Worldwide Cost of Living 2022 report was released recently by the London-based Economist Intelligence Unit (EIU). It compares prices of more than 200 goods and services in 172 countries across the globe. What are the key findings of the report?
Detailed explanation-2: -Global growth is projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021-a downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO).
Detailed explanation-3: -Amid exceptional uncertainty, the global economy is projected to grow 5.5% in 2021 and 4.2% in 2022.
Detailed explanation-4: -According to the latest Global Economic Prospects report, global growth will slow from 2.9 percent in 2022 to 1.7 percent in 2023.