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UN Report
April 12 , 2020
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- The United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020.
- According to the report, the economic growth rate of India stood at 5% in 2019-20.
- It has forecasted that the growth rate is to shrink to 4.8% in 2020-21 and the growth rate might improve in the year 2021-22.
- The report predicts that the global economy is to grow at 2.3% in 2020 and will gradually pick up in 2021.
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