Current Affairs - Reports,Survey And Index

World Economic Outlook

On 25th January 2022, International Monetary Fund (IMF) released its World Economic Outlook report.

It is a survey by the IMF staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments during the near and medium term.


Inequality Kills

On 17th January, 2022, Oxfam International released the report titled- Inequality Kills: The unparalleled action needed to combat unprecedented inequality in the wake of COVID-19.

Major Highlights

  • Inequalities have been deepened in the midst of the pandemic, as a result of violent economic policies contributing to thousands of deaths a day.

Asia Power Index 2021

Recently, Sydney-based Lowy Institute released the Asia Power Index 2021. It is being published annually since 2018.

  • About the Index: The index measures resources and influence to rank the relative power of states in the Indo-Pacific.

World Inequality Report 2022

World Inequality Report 2022” was recently released by France-based World Inequality Lab.

Key Findings (Global)

We are still there where we were at the 20th Century

  • Global inequalities today are as much as they were at the peak of Western imperialism in the early 20th century.

Global Hunger Report 2021- A Flawed One: India

In the 2021 Global Hunger Index, India ranks 101st out of the 116 countries. Last year India was ranked at 94th.

  • With a score of 27.5, India has a level of hunger that is ‘serious’.
  • The report was prepared jointly by Irish aid agency Concern Worldwide and German organisation Welt Hunger Hilfe.

Global Innovation Index 2021

The 14th edition of Global Innovation Index was released on 20th September 2021.

  • The Index is released annually by the World Intellectual Property Organization (WIPO).
  • The Global Innovation Index 2021 captures the innovation ecosystem performance of 132 economies and tracks the most recent global innovation trends.

Yield Curve

Why is it in News?

Yield curve in the US has inverted for the first time since mid 2007- a shift that has in past signaled recession.


Laffer Curve

  • This curve explains correlation between tax rate and tax revenues.
  • It states that if tax rates are very high, reducing them up to a point optimizes tax revenues as it will lead to lesser evasion and better compliance.

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