‘World Economic Situation and Prospects’ Report—By United Nations

Published on May 16, 2020
Current Context: United Nations has released ‘World Economic Situation and Prospects’ Report and has projected that world economy to shrink by 3.2%in 2020 because of COVID-19 pandemic situation.
‘World Economic Situation and Prospects’ Report—By United Nations

  • The growth rate for India has been projected to 1.2% for FY 2020 and has reported that the growth rate to increase at 5.5% in 2021.
  • GDP growth in developed countries will plunge to –5.0 % in 2020, while the output of developing countries will shrink by 0.7 %.

Question:

Q.1 The growth rate for India has been projected to ___% for the FY 2020, by World Economic Situation and Prospects report of UN?
a. 1.5%
b. 1.3%
c. 1.2%
d. 1.6%

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