{"id":3114,"date":"2024-06-14T00:03:38","date_gmt":"2024-06-14T00:03:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3114"},"modified":"2024-06-14T00:03:38","modified_gmt":"2024-06-14T00:03:38","slug":"global-economic-prospects-report-by-world-bank","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/global-economic-prospects-report-by-world-bank\/","title":{"rendered":"Global Economic Prospects Report by World Bank"},"content":{"rendered":"

The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy<\/a> is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24.<\/p>\n

Highlights:<\/u><\/strong><\/p>\n

The global economy is expected to grow at a rate of 5.6 percent, the fastest rate of post-Recession<\/a> Growth<\/a> in eighty years.<\/p>\n

However, global output will still be 2% lower than pre-pandemic projections by the end of the year.
Indias recovery has been hampered by the largest outbreak in any country since the pandemic began<\/p>\n

The forecast for FY22 (8.3 percent) accounts for expected economic damage from a massive second Covid-19 wave and localised mobility restrictions beginning in March 2021.<\/p>\n

Growth is expected to slow to 7.5 percent in 2022-23 as a result of the pandemic’s effects on the financial position of households, businesses, and banks.<\/p>\n","protected":false},"excerpt":{"rendered":"

The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24. Highlights: The global economy is expected to grow at a rate of 5.6 percent, the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[795],"class_list":["post-3114","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-13-14-06-21"],"yoast_head":"\nGlobal Economic Prospects Report by World Bank - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/global-economic-prospects-report-by-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Economic Prospects Report by World Bank\" \/>\n<meta property=\"og:description\" content=\"The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24. Highlights: The global economy is expected to grow at a rate of 5.6 percent, the ... 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It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24. Highlights: The global economy is expected to grow at a rate of 5.6 percent, the ... 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