India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. India will continue to be the fastest growing major economy in the world, according to the World Bank.
China’s economic growth is projected to slow down to 6.2% each in 2019 and 2020 and 6% in 2021, according to the January 2019 Global Economic Prospects report released by the World Bank.
Source- The Livemint
Static/Current Takeaways Important For IBPS Clerk Mains Exam:
- Present World Bank President: Jim Yong Kim, Headquarters: Washington, D.C., United States.