IMF slashes GDP to 3.1%
Q. IMF has slashed GDP forecast for 2015 from 3.3% to _____, in the World Economic Outlook Report 2015.- Published on 07 Oct 15a. 3.2%
b. 2.3%
c. 3.1%
d. 2.5%
ANSWER: 3.1%
IMF has slashed the GDP growth forecast for 2015 from 3.3% to 3.1% as per the World Economic Outlook report 2015 released on 6th October 2015. Fund expects global growth to rise by 3.6% in the next year and lowered India’s 2015 GDP growth forecast to 7.3%. This pegs the growth forecast as lower than that of the government at 7.6% and 7.4% by RBI. Changes in China will impact emerging economies and cause growth to slow down for the fifth straight year according to IMF. IMF sees growth picking up to 7.5% in 2016, consumer prices to rise from 5.4% to 5.5% and CAD to come to 1.4% of GDP
