CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“Which organization publishes the World Economic Outlook report?
A
World Bank
B
Asian Development Bank
C
International Expenditure Fund
D
None of the above
Explanation: 

Detailed explanation-1: -A Survey by the IMF staff usually published twice a year. It presents IMF staff economists’ analyses of global economic developments during the near and medium term.

Detailed explanation-2: -The IMF publishes the WEO report twice a year based on data obtained from its consultations with member countries’ governments. The IMF also publishes two additional and less comprehensive WEO Updates a year, each three months after the main WEO report.

Detailed explanation-3: -IMF Staff Papers is published by Palgrave Macmillan on behalf of the IMF. For additional information on the journal, including subscription information and submission details, visit the IMF Staff Papers home page on the Palgrave website.

Detailed explanation-4: -Global growth is now expected to fall from 3.4 percent in 2022 to 2.9 percent this year, before rebounding to 3.1 percent in 2024. The 2023 growth projection is up from an October estimate of 2.7 percent, as the IMF sees far fewer countries facing recession this year and does no longer anticipates a global downturn.

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