Economic Recession Current Affairs, GK & News
CEBR Forecast on Indian Economy
In its annual ‘World Economic League Table’, the London-based Centre for Economics and Business Research (CEBR) predicted that India will become the third economic superpower by 2037. About the World Economic League Table The “World Economic League Table” is an annual publication of the CEBR. This report tracks the macroeconomic trends at the global and ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: 5 Trillion Dollar Economy • CEBR's prediction on Indian Economy • Economic Recession • Global Recession • Indian Economy • Recession • Recessions • Trends in Indian Economy
UNCTAD annual trade and development report
The UNCTAD has released its annual Trade and Development Report 2022. Key facts The UN report expects the world economy to grow 2.6% in 2022. This is 0.9 percentage points below last year’s projected rate. The growth is expected to further decelerate in 2023 to 2.2%. This would leave the real GDP below the pre-pandemic ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs • Reports & Indexes Current Affairs
Topics: Economic Recession • Global Economy • Global Recession • Real GDP • UN Conference on Trade and Development (UNCTAD) • UNCTAD • United Nations Conference of Trade and Development (UNCTAD)
CRISIL cuts India’s GDP forecast to 9.5% from 11%
Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..
Month: Current Affairs - June, 2021
Category: Reports & Indexes Current Affairs
Topics: COVID-19 • CRISIL • Economic Recession • GDP Growth Rate • Growth Forecast • Reserve Bank of India (RBI)
World Economic Outlook
The International Monetary Fund recently released the World Economic Outlook titled “Managing Divergent Recoveries”. Key Findings of the report The report has predicted GDP growth of India for the current fiscal year 2022 to be 12.5%. This is 1% higher than the previous projection of 11.5% in January 2021. This is the highest among the ..
Month: Current Affairs - April, 2021
Category: Reports & Indexes Current Affairs
Topics: COVID-19 • Economic Recession • Growth rate • International Monetary Fund (IMF) • Lockdown • World Economic Outlook
Global Economic Prospects Report
The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21. The Indian economy is to recover 5.4 percent in 2021-22. The contraction in Indian economy will be mainly due to ..
Month: Current Affairs - January, 2021
Category: Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • CMIE • Economic growth • Economic Recession • Fitch Ratings • GDP • Global Economic Prospects • Unemployment • World Bank