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Question

Q. World Economic Outlook is released by which of the following international bodies?

A
World Bank
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B
IMF
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C
UNDP
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D
OECD
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Solution

The correct option is B IMF
Explanation:
  • World Economic Outlook is a report published by the International Monetary Fund twice a year. The analyses entailing global economic development are shared through this report.
  • For example, in its latest publication, the IMF slashed India’s growth projection to 9.5 percent as the country’s recovery has been set back severely due to the likely impact of the second wave of COVID-19.
  • It helps to build the consensus for global economic activity on a range of issues. The IMF called for concerted, well-directed policy actions at the multilateral and national levels to make the difference in diminishing the impact of COVID-19 on the various countries and strengthening global prospects.

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