Google News
logo
Daily Current Affairs
Which institution has estimated that Asia’s economy will contract for the first time since 1962?
A)
Asian Development Bank
B)
BRICS Bank
C)
World Bank
D)
International Monetary Fund

Correct Answer :   Asian Development Bank


According to the Asian Development Bank, Asia’s economy will contract for the first time since the early 1960s.
The bank had earlier projected that the GDP would grow by 0.1 per cent. Now, it is estimated that Asia’s GDP would decline by 0.7 per cent in 2020 and would increase to 7.7 per cent in 2021. It also highlighted that the GD in India would contract by 9% this year.

Published On : July 19, 2021
Advertisement