Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.102)

102. 

Which bank cut Asia's growth forecast, warns of pandemic-driven risks?

[A]. UNO
[B]. IMF
[C]. World Bank
[D]. ADB

Answer: Option B

Explanation:

The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region. While the IMF upgraded next year's growth forecast, it warned the recovery will be sluggish and patchy with countries dependent on tourism seen taking a particularly hard hit.

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