World Economic Outlook is released by International Monetary Fund (IMF)
World Economic Outlook suggested many policies to revive global growth and arrest the downward growth trend faced by emerging economies:
Reform multilateral institutions like World Trade Organization
Normalize the monetary policies of advanced economies to address the slowing growth momentum.
Adopt measures to boost potential output growth and enhance inclusiveness of all economies to promote growth.
Resolve trade disagreements which currently derail global trade and address policy uncertainty.
Adjust fiscal space to accommodate public debt while ensuring growth in a sustainable manner.
IMF has projected a growth rate of 7.5% and 7.7% for Indian economy for the year 2019-20 and 2020-21. This comes a time at when economies all over the world are facing downward trend in growth rates.
IMF predicts that India will remain the fastest growing economy in the world, at least for the next two years.
