Tagged: IMF

IMF-Projects-Recovery-From-Recession-In-2021

Business / International

IMF Projects Recovery From Recession In 2021

International Monetary Fund (IMF) said that the world had entered a recession due to the coronavirus pandemic.But the IMF projects a recovery next year.

IMF Managing Director Kristalina Georgieva said that they have reassessed the prospects for growth for 2020 and 2021. It was clear that the world had entered a recession as bad or worse than in 2009. Also, they projected recovery in 2021.

Recovery from COVID-19 in 2021

IMF managing director emerged from the meeting of the governing body of IMF and Financial Committee that represent 189 members. The meeting was to discuss … Read the rest

India-5th-Largest-Economy

Business

India Becomes 5th Largest Economy Of The World

IMF’s October World Economic Outlook places India as the world’s fifth largest economy. The data says that according to the nominal GDP, India ranking is ahead than that of France and the UK.

IMF ranks India as 5th largest economy

The data shows that India’s GDP had been among the highest in the last decade. India achieved an annual growth of 6-7%. 2016 McKinsey Global Institute report gave many reasons for this growth. It said that urbanization and technologies improved efficiency and productivity. But the country’s real GDP was forecast to slow due to credit … Read the rest

IMF-World-Economic-Outlook

Business

IMF World Economic Outlook: India Growth Would Impact Global Growth Story

Gita Gopinath of the International Monetary Fund (IMF) said that India would have an effect on the global growth story. She further maintained that India had already pushed the global forecast down by 0.1%. She’s the Chief Economist of the IMF.

India projection of IMF

The world body has slashed India’s growth forecast in its World Economic Outlook released in Davos, Switzerland. It sees India’s growth to remain at 4.8% but it is 1.3% lesser in three months. Ms. Gopinath said that IMF revised the global growth down for 2019 by 0.1% considering the size of the Indian economy and … Read the rest