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UN World Economic Situation and Prospects
May 21 , 2018
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- According to UN World Economic Situation and Prospects (WESP), India’s economy is projected to grow 7.6% in fiscal year 2018-19, making it fastest growing economy in the world.
- GDP growth in India is expected 7.5% and 7.6% in fiscal years 2017-18 and 2018-19 respectively.
- It has projected World economy to reach 3.2% both in 2018 and 2019, an upward revision by 0.2 % and 0.1%, respectively.
- For China, it is projected to gradually moderate from 6.9% in 2017 to 6.5% in 2018 and 6.3% in 2019.
- The report is joint product of UN Department of Economic and Social Affairs (UN/DESA), UN Conference on Trade and Development (UNCTAD) and five United Nations regional commissions.
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