India's GDP projections revised downward to 7.4% for fiscal year 2022: IMF
Updated: 27 Jul 2022, 07:52 AM IST
TL;DR.The IMF projects the global economy to slow further to 3.2 per cent in 2022 from last year’s 6.1 per cent. Global growth at 3.2 per cent in 2022 and moderating to 2.9 per cent in 2023 is lower than projected in the April 2022 World Economic Outlook by 0.4 and 0.7 percentage point, respectively.
FILE PHOTO: International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017. REUTERS/Yuri Gripas/File Photo