IMF releases World Economic Outlook; Sees subdued Global Growth
Posted on:07 Oct 2016 11:43:09
07 October 2016 Current Affairs GK: The International Monetary Fund has released World Economic Outlook (WEO) October 2016. The report projects global growth at 3.1 per cent in 2016, with slight increase to 3.4 percent in 2017.
It says that the persistent stagnation, particularly in advanced economies, could further fuel anti-trade sentiment, stifling growth.
Growth in emerging Asia, and especially India, continues to be resilient. India’s gross domestic product is projected to expand 7.6 percent in 2016 and 2017, the fastest pace among the world’s major economies. The IMF urged India to continue reform of its tax system and eliminate subsidies to provide more resources for investments in infrastructure, education, and health care.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail