Global Economic Prospects Current Affairs, GK & News

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 ..

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World Bank Report

The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as ..

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Global Economic Prospects Report, 2020 by World Bank

The World Bank recently launched the Global Economic Prospects Report, 2020. The report highlighted the impact of COVID-19 on countries. Key findings of the report The report says that the Emerging Market and the Developing Economies are highly vulnerable. They face health crisis, external shocks, restrictions, tourism, falling trade, capital outflows and commodity prices. These ..

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Global Economic Prospects 2019

The Global Economic Prospects 2019 released by the World Bank makes the following observations: Global real GDP growth forecast has been reduced to 2.6% for 2019. The estimate was down by 0.3%age points from its previous forecast in January. There could be a marginal increase to 2.7% in 2020. Global economy continues to soften and ..

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Global Economic Prospects report 2019- Key Facts

The World Bank has released the Global Economic Prospects report 2019 titled “Darkening Skies”. The key findings of the report are: Growth among advanced economies is expected to drop to 2 per cent this year. Slowing external demand, rising borrowing costs and persistent policy uncertainties may weigh on the outlook for Emerging Market and Developing Economies ..

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