GOOD News..! Recession will not be bad as we think..!?

While the world is in the fear of recession, the IMF released an important report today that not only reduced the fear but also gave great confidence to investors. At the same time, the indian investors are forced to take an important decision due to the fact that it has announced that the economic growth forecast of india will have a significant impact. The IMF has said that while China's production and exports have improved due to China's easing of the coronavirus control measures, not only has a favorable situation been created in international economic development, but the economic growth index will improve to reduce the fear of recession. The IMF said China's rise is "significantly important" going forward.Through this, the international Monetary Fund, abbreviated as the IMF, has said that international economic growth will rise to 2.9 percent in 2023. The IMF has now increased this while it had said that it would only grow by 2.7 percent in the october forecast. Meanwhile, the IMF said in its report that the international economy would grow by 3.4 percent in 2022. While the IMF monitors the economies of around 190 countries, inflation is expected to moderate in 2023 due to a series of interest rate hikes by central banks. With this, while the international inflation rate was 8.8 percent in 2022, it is predicted to be 6.6 percent in 2023. In this situation, the international Monetary Fund has announced that there will be no change in India's economic growth forecast of 6.8 percent in the fiscal year 2023. But on a calendar year basis, in 2022 India's economic growth is projected to be 6.1 percent in 2023, compared to 6.8 percent. india is also very bright on the growth path, similarly, India's growth is projected to play a major role in 2022 and 2023, despite a major impact on international economic growth.

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recession will not be bad

Sowmiya Sriram

31/01/2023 01:34 PM