Current Affairs Economy & Banking

IMF Cuts India’s GDP Growth Forecast To 7.3% For FY20

Category : Economy & Banking

  The International Monetary Fund (IMF) cut its economic growth forecasts for India by 20 basis points (bps) each from its January predictions to 7.3% for FY20 and 7.5% for the next fiscal. Citing persistent risks from the trade war, it lowered 2019 global growth forecast by 20 basis points to 3.3%, the weakest since 2009 when the subprime crisis had flared up.
Source: Economic Times


You need to login to perform this action.
You will be redirected in 3 sec spinner