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Discussion :: National - Latest Current Affairs (Q.No.1154)

1154. 

CRISIL has cut base-case Gross Domestic Product (GDP) growth forecast for fiscal 2021 to what amount?

[A]. 3.5%
[B]. 8.5%
[C]. 5.5%
[D]. 5.0%

Answer: Option A

Explanation:

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.

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