World Economic Outlook Current Affairs - 2019

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Tariff War: India levies retaliatory tariffs on 28 US products

In a tit-for-tat trade battle between the United States (US) and India, latter imposed higher tariffs on 28 American goods including almonds, apples and walnut in retaliation to US tariffs. Key Highlights Among targeted US products imported, the custom duty on walnut is increased from 30% to 120%, and on chickpeas, masur dal and Bengal Read More…

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World Economic Outlook April 2019

The International Monetary Fund (IMF) in the World Economic Outlook 2019 April report has made the following forecasts: The global growth will be 3.3% in 2019, down from 3.6% in 2018 and 4% in 2017. The reduced growth rates are attributed to lower global expansion in the second half of 2018 caused by U.S.-China trade Read More…

Month:  Categories: Business, Economy & BankingUPSC

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IMF growth Prospects for India: Key Facts

The World Economic Outlook of the International Monetary Fund (IMF) has given the following prospects about the growth trends for India: IMF has retained its growth projection for the country at 7.5 per cent for 2019-20 and said it is likely to accelerate to 7.7 per cent in 2020-21. This brings cheers for India as the world Read More…

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Policy Priorities proposed in World Economic Outlook to arrest the Downward Growth Trend

The International Monetary Fund in its World Economic Outlook has suggested various policy measures to arrest the downward growth trend. They are: Resolving cooperatively and quickly the trade disagreements which may derail the global trade and addressing the resulting policy uncertainty, rather than further creating harmful barriers and destabilizing an already slowing global economy. Accomplishing Read More…

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World Economic Outlook Report: Key Facts

The International Monetary Fund has released the global wealth forecasts for 2019 in its World Economic Outlook report. The important findings of the IMF forecast are: IMF cut its estimate for global growth in 2019. World Economic Outlook (WEO) projecting global growth at 3.5% in 2019 and 3.6% in 2020 is 0.2 and 0.1 percentage Read More…

Month:  Categories: Reports & Indices

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IMF cuts India’s growth forecast for 2018 to 7.3%

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) update has projected growth rate of 7.3% in 2018 and 7.5% in 2019 for India as against 6.7% in 2017. This makes India, fastest growing country among major economies in 2018-19 and 2019-20. Key Facts India will grow by 7.3% in 2018-19 against Read More…

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India expected to grow at 7.4% in 2018: IMF

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) has projected India to grow at 7.4% in 2018 and 7.8% in 2019. It also held that India will again emerge as world’s fastest-growing major economy at least for the next two years (2019 and 2020). Key Facts India’s growth: Over the medium Read More…

Month:  Categories: Business, Economy & Banking

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