What is IMF’s World Economic Outlook?The World Economic Outlook is an International Monetary Fund (IMF) report published on a regular basis.
Its key focus is to provide an assessment of the global economy as it analyses developments across its member countries. The report majorly focuses on providing growth forecasts for different economies and regions of the world while highlighting the risks and uncertainty around these estimates.
The 2020 World Economic Outlook is important as there has been significant economic disruption across the world due to the SARS-Cov-19 pandemic.What is the report saying about India?The April World Economic Outlook projected India’s economic growth to be at 1.9% for FY21.