Current Context: Moody’s Investor Service has released Global Macro Outlook 2020-21.
- As per this latest report for the month of June, the rating agency has projected India’s GDP to shrink at 3.1% for the financial year of 2020.
- The reason described for this GDP percent is the outbreak of novel coronavirus in the country which has led to a stoppage in economic growth activities as the country is facing lockdown situation to combat and contain the pandemic.
- However, the rating agency has projected to grow to be at 6.9% for the financial year 2021.
- Static Part:
- HQ of Moody’s Investor Service: New York, United States
- President and CEO of Moody’s Investor Service: Raymond W McDaniel Jr.
Question:
Q.1 What is the GDP growth for FY 2020 marked by Moody’s Investor Service in its latest Global Macro Outlook report 2020-21?
a. 3.5%
b. 4.2%
c. 3.1%
d. 4.0%
a. 3.5%
b. 4.2%
c. 3.1%
d. 4.0%
