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World Economic Situation and Prospects
May 23 , 2022
917 days
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- The World Economic Situation and Prospects (WESP) report was released by the United Nations.
- This report has been published by the Department of Economic and Social Affairs (DESA) of the UN.
- The global economy this year is expected to grow by only 3.1 per cent.
- The earlier prediction in January was 4.0 per cent.
- This report has highlighted that India is still the world’s fastest-growing major economy even though the Russia-Ukraine conflict is impacting gross domestic product (GDP) across the globe.
- According to the report, in 2022, India has been projected to grow by 6.4 per cent.
- This is slower than 2021’s 8.8 per cent.
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