Current Affairs - National - Discussion

CRISIL has cut its base-case Gross Domestic Product (GDP) growth forecast for fiscal 2021 to 3.5% from 5.2% expected earlier. The global growth forecasts have reduced geometrically due to the COVID-19 pandemic spread geometrically. It highlighted that the world economy, unlike the Global Financial Crisis of 2008, has jeopardized financial stability and brought enormous human suffering.