{"id":86560,"date":"2020-06-09T12:56:20","date_gmt":"2020-06-09T07:26:20","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=15842"},"modified":"2020-06-09T12:56:20","modified_gmt":"2020-06-09T07:26:20","slug":"economy-to-contract-by-3-2-this-fiscal-says-world-bank","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/economy-to-contract-by-3-2-this-fiscal-says-world-bank\/","title":{"rendered":"Economy to contract by 3.2% this fiscal, says World Bank"},"content":{"rendered":"\n<p><strong>News:<\/strong> The World Bank has released the Global Economic Prospects (GEP) June 2020 report.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Global Economic Prospects is a World Bank Group flagship report that is issued twice a year, in January and June.<\/li><li><strong>Aim: <\/strong>To examine global economic developments and prospects with a special focus on emerging markets and developing economies.<\/li><\/ul>\n\n\n\n<p><strong>Key Takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Global Economy: <\/strong>The COVID-19 pandemic will shrink the global economy by 5.2% in 2020-21 representing the deepest recession since World War Two and a dramatic rise in extreme poverty.<\/li><li><strong>Indian Economy: <\/strong>It is expected to contract by 3.2% (so growth is -3.2%) in FY 2020-21 due to impact of Coronavirus pandemic and restrictions on activity.However, it will make a modest recovery to 3.1% growth in the next fiscal year.<\/li><\/ul>\n\n\n\n<p><strong>Additional Facts:<\/strong><\/p>\n\n\n\n<p><strong>Other reports released by World Bank:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ease of Doing Business Report<\/li><li>Human Capital Index(HCI)<\/li><li>World Development Report(WDR)<\/li><li>Logistics Performance Index(LPI).<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: The World Bank has released the Global Economic Prospects (GEP) June 2020 report. Facts: Global Economic Prospects is a World Bank Group flagship report that is issued twice a year, in January and June. Aim: To examine global economic developments and prospects with a special focus on emerging markets and developing economies. Key Takeaways:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/economy-to-contract-by-3-2-this-fiscal-says-world-bank\/\">Continue reading <span class=\"screen-reader-text\">Economy to contract by 3.2% this fiscal, says World Bank<\/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":[3127,2122],"tags":[3993,2188],"class_list":["post-86560","post","type-post","status-publish","format-standard","hentry","category-economy","category-miscellaneous","tag-global-economic-prospects-report","tag-world-bank","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704942122},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86560","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=86560"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86560\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}