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World Economic Outlook
October 17 , 2019
1855 days
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- The International Monetary Fund (IMF) has released its biennial report, World Economic Outlook on October 15.
- The report indicates that over the past year, global growth has fallen sharply.
- For advanced economies, growth is projected to soften to 1.7 percent in 2019 and 2020.
- India’s GDP growth has been estimated at 6.1 percent.
- The report suggests that India’s trade volume has reached its lowest level since 2012.
- It has been reduced by 1% since 2012.
- Reasons ascribed: corporate and environmental regulatory uncertainty, slowdown in demand, health of NBFCs
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