Categories: Economy

IMF Forecast: Global GDP Growth to drop, India’s inflation to drop by 4% next year

IMF Reclassifies India's Exchange Rate Regime: Stabilised Arrangement Amid Divergent Views

International Monetary Fund, IMF Forecast: The International Monetary Fund made predictions that India’s global growth will drop from 6% in 2021 to 3.2 % in 2022 and 2.7 % in 2023. With the exception of the global financial crisis and the pandemic’s severe phase, the IMF’s growth projections indicate that this will be the weakest growth since 2001.

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IMF Forecast: Global GDP Growth to drop:

The three biggest economies in the world—the US, China, and the Euro area—were predicted to remain stagnant.
According to the IMF’s World Economic Outlook 2022 study, India will have the world’s fastest-growing big economy.
The International Monetary Fund (IMF) revised its prediction for India’s GDP growth to 6.8% for the fiscal year 2023, predicting that the country will still be on course to rank among the world’s fastest-growing economies.

IMF Forecast: India’s inflation to drop by 4% next year

The International Monetary Fund (IMF) anticipates that India’s inflation will decline to a range of 4% next year. According to the report, global inflation would probably reach a peak this year of 9.5 percent before declining to 4.1 percent by 2024.
The IMF however cautioned that a severe economic downturn is still to come and that many people will perceive 2023 as a recession.