2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.6%
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2.3%
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2.8%
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3.4%
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Detailed explanation-1: -World gdp growth rate for 2020 was -3.27%, a 5.89% decline from 2019.
Detailed explanation-2: -The World Economic Situation and Prospects 2020 warns that economic risks remain strong, aggravated by deepening political polarization and increasing scepticism about the benefits of multilateralism. These risks could inflict severe and long-lasting damage on development prospects.
Detailed explanation-3: -The United States economy contracted at a 3.5% annual rate in 2020; faster growth is expected in 2021. ECLAC - Washington, D.C. The United States economy contracted 3.5% in 2020, the worst contraction since World War II, but is expected to grow an estimated 6.5% in 2021, the fastest pace in three decades.
Detailed explanation-4: -Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2021-22 is estimated to attain a level of ₹ 147.72 lakh crore, as against the First Revised Estimate of GDP for the year 2020-21 of ₹ 135.58 lakh crore, released on 31.01. 2022.