2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.7%
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3.6%
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4.1%
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5.3%
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Detailed explanation-1: -Description: Global growth is projected at 6% in 2021, moderating to 4.4% in 2022.
Detailed explanation-2: -“Growth in India is set to decline from 6.8% in 2022 to 6.1% in 2023 before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds,” said the IMF’s World Economic Outlook update.
Detailed explanation-3: -The World Bank has revised its 2022-23 GDP forecast upward from 6.5 per cent in October to 6.9 per cent.
Detailed explanation-4: -Global growth is forecasted to slow from 3.2 per cent in 2022 to 2.7 per cent in 2023 as per IMF’s World Economic Outlook, October 2022. A slower growth in economic output coupled with increased uncertainty will dampen trade growth.
Detailed explanation-5: -Outlook. Real GDP is estimated to rise in 2022 to 4.9% on the heels of boosted hydrocarbon exports of 10%.