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World Economic Outlook 2020
April 18 , 2020
1555 days
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- The International Monetary Fund has set growth rate of India at 1.9%.
- IMF also says that the India will recover at the growth rate of 7.4% in 2021-22.
- The global economy is expected to shrink by 3 per cent during 2020.
- It will mark the steepest downturn since the Great Depression of the 1929-1932.
- The IMF has predicted that the countries such as India, China, Malaysia, Indonesia, Thailand, Philippines and Vietnam will alone see increasing growth.
- According to the report, the other major economies of the world,such as USA, France, Germany and Italy, are to face decreasing growth rate.
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