Question – In January 2022, a report titled “World Economic Situation and Prospects” was released. With reference to this, consider the following statements:
(i) This report was released by the International Monetary Fund.
(ii) According to this, the global growth rate is estimated to be 4 percent in the year 2022.
(iii) India’s growth rate is estimated to be 6.7 percent in the year 2022.
Which of the above statement(s) is/are correct?
(a) only (i) and (ii)
(b) only (ii) and (iii)
(c) only (iii)
(d) All of the above
Answer—(b)
Related facts–
- In January 2022, the United Nations released a report titled ‘World Economic Situation and Prospects’.
- In this report, the United Nations has warned that the global economic recovery is slowing down.
- According to this, the global economic recovery is facing significant obstacles in the midst of new waves of Kovid-19 infection, persistent labor market challenges, supply chain challenges and rising inflationary pressures.
- According to this report, the global growth rate has been estimated at 5.5 percent in the year 2021.
- It is forecast to be 4.0 percent in the year 2022 and 3.5 percent in the year 2023.
- The growth rate of developed economies was estimated at 4.8 percent in the year 2021.
- It is forecast to be 3.7 percent in the year 2022 and 2.5 percent in 2023.
- In which the GDP growth of USA, Japan and European Union is forecast to be 3.5 percent, 3.3 percent and 3.9 percent respectively in the year 2022.
- According to this, the growth rate of developing economies was estimated at 6.4 percent in the year 2021.
- Which is forecast to be 4.5 percent in the year 2022 and 4.7 percent in the year 2023.
- According to the report, India’s GDP growth rate was estimated at 9.0 percent in the year 2021.
- Which is forecast to be 6.7 percent in the year 2022 and 6.1 percent in the year 2023.
- At the same time, the GDP growth rate of China has been estimated at 7.8 percent in the year 2021.
- Which is forecast to be 5.2 percent in the year 2022 and 5.5 percent in the year 2023.
By – Pankaj Pandey
Link:
https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-2022/