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Today General Knowledge(GK)
The GDP growth rate projection of the world economy as per World Bank for 2022 is estimated at ________ percent.
A)
2.7%
B)
3.2%
C)
4.5%
D)
5.7%

Correct Answer : Option (B) - 3.2%



* The World Bank has lowered the global growth forecast for 2022 to 3.2%. Earlier this was estimated at 4.1%.

* The downward revision is due to the impact of Russia’s invasion of Ukraine on the world economy. The reason for lowering the projection is that people are facing reduced commercial activity and trade, and the debt crisis and currency depreciations have placed a heavy burden on the poor.

* The world is also facing reversals in development in education, health and gender equality.

Published On : April 20, 2022
Category : Business and Economics
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