UN’s GDP Forecast

BANKING AND ECONOMY

  • The United Nation released a report which projected India’s GDP for the financial year 2021-22.
  • The UN downgraded the GDP by 2% from 6.7% to 4.6% due to shocks from the Ukraine war and changes in macroeconomic policies in this financial year.
  • The report was released by the UN Conference on Trade and Development (UNCTAD).
  • The GDP of other economies forecasted - USA (2.4%), China (4.8%), Russia (-7.3%).

Facts to know:

 

  • UNCTAD was established in 1964.
  • Headquarters of UNCTAD: Geneva, Switzerland.
  • Secretary-General of UNCTAD: Mr. Rebeca Grynspan.
UN’S GDP FORECAST
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