The World Bank has released its latest report on Global Economic Prospects, outlining a slowdown in global growth due to a variety of factors including elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine. ..
Category: Reports & Indexes Current Affairs
The International Monetary Fund (IMF), in its World Economic Outlook, slashed its FY23 growth forecast for India from its July projection of 7.4 percent to 6.8 percent. What are the key takeaways of the report? Indian Economy IMF has cut ..
Category: Economy & Banking Current Affairs - 2023
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 ..
The Economic Intelligence Unit recently released Cost of Living Index 2021. According to the report, Tel Aviv of Israel is the most expensive city in the world. Key Findings Tel Aviv is the world’s most expensive cities. It was followed ..
On July 27th the International Monetary Fund has cut India’s GDP growth forecast to 9.5% for the fiscal year 2021-22. Previously, IMF has forecasted 12.5% GDP growth. Highlights relating to India GDP forecast has been cut citing the hit on ..
Month: Current Affairs - July, 2021
According to the Global Economic Prospects Update released by World Bank, global economy is expected to expand 5.6 per cent in 2021. This would be the fastest post-recession pace in 80 years because of strong rebounds from a few major ..
Month: Current Affairs - June, 2021