IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook.
IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook.
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | January 31, 2024 | Economy
Syllabus: GS-III
Subject: Economy
Topic: Indices and reports
Issue: World Economic Outlook
Context: Latest “World Economic Outlook” report released by IMF.
Synopsis:
- The combination of steady growth and falling inflation has raised hopes for a so-called soft landing for the global economy (soft landing is a slowdown sufficient to contain inflation without causing a recession).
- Raised India’s growth projection to 6.7% in FY24 due to “resilient domestic demand”.
| International Monetary Fund(IMF)
● Is an international financial institution established in 1944. ● Objectives: To promote international monetary cooperation, exchange rate stability, balanced trade growth, and financial stability. ● Reports by IMF ○ World Economic Outlook ○ Global Financial Stability Report Fiscal Monitor |
Source: The Hindu
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