IMF projects India's economy to contract by 4.5% in 2020, global growth estimated at –4.9% - News Summed Up

IMF projects India's economy to contract by 4.5% in 2020, global growth estimated at –4.9%


The International Monetary Fund on Wednesday projected the global growth in 2020 at –4.9%, 1.9%age points below the April 2020 forecast, while estimating that Indian economy will contract by 4.5% in the year. The growth forecast has taken into account the lockdown which was imposed by various countries around the world over the fears of the spread of coronavirus disease (COVID-19). In 2021 global growth is projected at 5.4%. Overall, this would leave 2021 GDP some 6½%age points lower than in the pre-COVID-19 projections of January 2020. The IMF said it is for the first time that all regions are projected to experience negative growth in 2020.


Source: dna June 24, 2020 17:15 UTC



Loading...
Loading...
  

Loading...