2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IMF in the June 2020 update “A Crisis Like No Other, An Uncertain Recovery” of its flagship World Economic Outlook, has predicted that the Indian economy will have how much percent contraction in 2020?
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2.5 %
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3.5 %
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5.5 %
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4.5 %
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Explanation:
Detailed explanation-1: -World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery. Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.
Detailed explanation-2: -Description: Global growth is projected at 6% in 2021, moderating to 4.4% in 2022.
Detailed explanation-3: -We have a slight increase in growth for the region from 3.9% in 2022 to 4% in 2023, ” Mr. Gourinchas said.
Detailed explanation-4: -The IMF projects global growth to fall from 3.4% in 2022 to 2.9% in 2023, and then rise to 3.1% in 2024. Inflation is peaking amid low growth. This is a modal window.
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