worldeconomicoutlook
By Mohammed Kudrati The International Monetary Fund on Tuesday slashed India's growth forecasts for the ongoing fiscal year (FY) to 6.8% from a previous estimate of 7.4%. On a calendar year basis, India will grow 6.9% from a previous estimate of 7.5% in 2022. "The outlook for India is for growth of 6.8 percent in 2022––a 0.6 percentage point downgrade since the July forecast, reflecting a weaker-than-expected outturn in the second quarter and more subdued external demand––and 6.1 percent in 2023, with no change since July", the report said. The multilateral financial institution released its l...
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The International Monetary Fund (IMF) has reduced its global growth prediction for 2022 as the economic recoveries of China and the U.S. have taken a dent, due to increasing Covid cases, supply chain restrictions, and soaring inflation. Q4 2021 hedge fund letters, conferences and more IMF's Prediction For Global GrowthAs informed by CNBC, in its World Economic Outlook report released Tuesday, the IMF has reduced its global economic growth expectation from 5.9% last year to 4.4% in 2022, “with this year’s figure being half a percentage point lower than previously estimated.” The report states t...
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