Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.35)

35. 

IMF in the June 2020 update "A Crisis Like No Other, An Uncertain Recovery" of its flagship World Economic Outlook, has predicted that the Indian economy will have how much percent contraction in 2020?

[A]. 2.5 %
[B]. 3.5 %
[C]. 5.5 %
[D]. 4.5 %

Answer: Option D

Explanation:

The International Monetary Fund (IMF) in the June 2020 update "A Crisis Like No Other, An Uncertain Recovery" of its flagship World Economic Outlook (WEO), has predicted that the Indian economy will have a big 4.5 % contraction in 2020 and it will come down to a historic low. This historical decline will be the lowest level since 1961 due to the Coronavirus (covid-19) epidemic, its prevention measures and slowdown of economic activity.

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