IMF managing director Christine Georgieva, a day after the International Monetary Fund estimated the global growth rate for this year to be six percent, said it is currently in a recovery phase after the worst global recession since World War II. This has recently become possible due to Corona vaccination and better policy support in the US. Georgiwa said that this has become possible due to the extraordinary and coordinated actions taken in the last year in recovery.
He said that reforms are taking place after the worst global recession since World War II. “We had yesterday increased our global growth forecast to 6 percent for this,” Georgieva said. 4.4 Georgiwa for 2022 gave this information at the annual meeting of the IMF and the World Bank on Wednesday. He said that a large number of advanced and emerging market economies led by the US and China are advancing. Weak and poor countries are lagging behind in this multi-speed recovery.
Local state lockdown has begun in many states of the country to overcome the second wave of Corona. But Reserve Bank of India (RBI) Governor Dr. Shaktikanta Das has clearly warned that the lockdown being imposed locally will have a reversal in demand.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has maintained its earlier estimate of growth at 10.5 percent in the current financial year.
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