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After ADB, OECD, now IMF may slash India's growth forecast
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New Delhi, Oct. 10 -- Come next week, the International Monetary Fund (IMF), in its World Economic Outlook, may sharply revise downward its growth forecast for India, close on the heels of Asian Development Bank (ADB) and the Organisation for Economic Cooperation Development (OECD).
The new IMF managing director Kristalina Georgieva on Wednesday said the global economy was witnessing "synchronized slowdown" and its effect is "more pronounced" in emerging markets like India.
Georgieva said growth in 2019-2020 will fall to its lowest rate since the beginning of the decade due to widespread deceleration. "In the United States and Germany, unemployment is at historic lows. In some of the largest emerging market economies, such as India and ...
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