Global economic Prospects Report

IN NEWS:

• World bank has partly published the global economic prospects report amid Global Covid-19 pandemic.

ABOUT THE REPORT:

• The report called for short-term measures by nations to address the health emergency and core public services.
• It also advised countries to focus on comprehensive policies that boost long-term growth and improve governance and business environment.
• It estimated that 60 million people could be pushed into extreme poverty in 2020 due to the economic crisis created by Covid-19 Pandemic.
• The report called for targeted stimulus measures since economic resilience of many countries will depend on their ability to build and retain more human and physical capital during the recovery.

PRELIMS QUESTIONS:

Q. Who among the following publishes the Global economic prospects report?

1. World Economic council
2. World Bank
3. International monetary Fund
4. UNDP

Answer to the Prelims question