{"id":86315,"date":"2019-10-16T15:39:11","date_gmt":"2019-10-16T10:09:11","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10987"},"modified":"2019-10-16T15:39:11","modified_gmt":"2019-10-16T10:09:11","slug":"world-economic-outlook","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/world-economic-outlook\/","title":{"rendered":"World Economic Outlook"},"content":{"rendered":"\n<p><strong>News:<\/strong>The International Monetary Fund(IMF) has released the World Economic Outlook(WEO) Report.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key takeaways from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has downgraded India\u2019s growth projections to 6.1% in 2019 and 7% in 2020.<\/li><li>The report has said that the global economy is at its slowest pace of growth at 3%.This is a serious climb down from 3.8% in 2017.<\/li><li>However,the report has said that the Global growth rate is projected to improve to 3.4% by 2020.<\/li><li>Further,the growth of advanced economies is projected to slow down by 1.7%&nbsp;<\/li><li>But the emerging and developing economies are projected to experience a growth pick up from 3.9% in 2019 to 4.6% in 2020.<\/li><\/ul>\n\n\n\n<p><strong>Why is there a slowdown in growth?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The higher tariffs and prolonged uncertainty in the trade policy are the major reasons for dented investment and the slowdown in the growth.&nbsp;<\/li><li>The automobile industry is contracting mainly due to the disruptions from new standard emission standards.This predominantly has an effect in China.&nbsp;<\/li><li>Further,trade barriers and geopolitical tensions like Brexit is hampering investment, confidence and growth.<\/li><\/ul>\n\n\n\n<p><strong>What should India do to reverse the slowdown?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IMF has suggested that the monetary policy and broad-based structural reforms should be used to address cyclical weakness and strengthen confidence.&nbsp;<\/li><li>A credible fiscal consolidation path is needed to bring down India\u2019s elevated public debt over the medium term.&nbsp;<\/li><li>This should be supported by subsidy-spending rationalisation and tax-base enhancing measures.<\/li><li>Further,Governance of public sector banks and the efficiency of their credit allocation needs should be strengthened.<\/li><li>Land reforms should also be enhanced to encourage and expedite infrastructure development.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>International Monetary Fund<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The International Monetary Fund (IMF) is an organization of 189 countries. It was established in 1945.<\/li><li>The main goal of IMF is to ensure the stability of the international monetary system.&nbsp;<\/li><li>It also seeks to facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The International Monetary Fund(IMF) has released the World Economic Outlook(WEO) Report. Facts: Key takeaways from the report: The report has downgraded India\u2019s growth projections to 6.1% in 2019 and 7% in 2020. The report has said that the global economy is at its slowest pace of growth at 3%.This is a serious climb down from&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/world-economic-outlook\/\">Continue reading <span class=\"screen-reader-text\">World Economic Outlook<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3353,3354],"class_list":["post-86315","post","type-post","status-publish","format-standard","hentry","category-economy","tag-imf","tag-world-economic-outlook","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704837568},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86315"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86315\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}