Why in news The IMF maintained its forecast for India's growth at 7% for the current fiscal year and 6.5% for the next, after a stron...
Why in news
The IMF maintained its forecast for India's growth at 7% for the current fiscal year and 6.5% for the next, after a strong 8.2% in 2023.
World economic growth is projected at 3.2% for 2024 and 2025, indicating a slowdown as countries recover from pandemic-related demand surges.
Global inflation is decreasing, with expectations of it falling to 3.5% by the end of 2025, following high rates in 2022.
Ongoing conflicts, such as the Russia-Ukraine war and tensions in West Asia, are creating uncertainties that affect economic forecasts.
The IMF suggests a "triple policy pivot" to improve growth:
adjusting monetary policy,
building fiscal reserves,
implementing structural reforms.
COMMENTS