Pranam
If its yester year reports its OK. The IMF had brought out this
report on the economic front:
"The International Monetary Fund (IMF) has retained
its forecast of India’s economic growth at 9.5 per cent in 2021 and 8.5 per
cent in 2022. The IMF has also lowered the global growth outlook for 2021
by 10 basis points to 5.9 per cent due to the deteriorating Covid dynamics
and supply interruption.
In its World Economic Outlook (WEO), the IMF has retained India’s gross
domestic product (GDP) forecast for the next fiscal at 8.5 per cent,
unchanged from the July estimates. Meanwhile, the IMF has slashed China’s
GDP growth projections for 2021 and 2022 by 10 basis points to 8 and 5.6
per cent, respectively.
*India’s consumer price index-based inflation rate to be at 5.6% in 2021 *
The IMF has projected India’s Consumer Price Index-based inflation rate for
the current fiscal to be 5.6 per cent from 6.2 per cent in the previous
year. For the next financial year, it is expected to decline further to 4.9
per cent.
In its policy review last week, the Monetary Policy Committee also lowered
its retail inflation forecast for FY22 to 5.3 per cent from its earlier
forecast of 5.7 per cent.
*USA and China growth rate in 2021 & 2022*
The USA is projected to grow at 6 per cent this year and 5.2 per cent next
year. On the other hand, China is projected to grow at 8 per cent in 2021,
0.1 percentage points lower than its July estimate and 5.6 per cent in 2022.
Compared to the July forecast, the global growth forecast for 2021 has been
revised down marginally to 5.9 per cent and for 2022 remains unchanged at
4.9 per cent.
*Top countries with highest GDP growth in 2021*
1. India – 9.5%
2. China – 8.0%
3. U.K. – 6.8%
4. France – 6.3%
5. Mexico- 6.2%
6. USA – 6.0%
7. Italy – 5.8%
*Top countries with highest GDP growth in 2022*
1. India – 8.5%
2. Spain – 6.4%
3. China – 5.6%
4. USA – 5.2%
5. U.K. – 5.0%
6. Canada – 4.9%
7. Germany – 4.6%
*Outlook for the low-income developing country group*
“The outlook for the low-income developing country group has darkened
considerably due to worsening pandemic dynamics”, IMF Chief Economist Gita
Gopinath said.
“The downgrade also reflects more difficult near-term prospects for the
advanced economy group, in part due to supply disruptions. Partially
offsetting these changes, projections for some commodity exporters have
been upgraded on the back of rising commodity prices,” Gopinath added.
xxxxxxxxxxxxx
2 Fastest-growing Economies in Asia: IMF Data
There’s scarcely any bigger authority when it comes to matters of GDP than
the International Monetary Fund, whose data is backed up by rigorous
research.
We’ve collated information from their World Economic Outlook to produce
this interesting lowdown of those countries expecting the biggest growth
over the next five years.
Asian Countries Ranked by Average Forecasted Real GDP Growth (%), 2020–2024.
Source: *World Economic Outlook* <https://www.imf.org/>, IMF.
Country
2020
2021
2022
2023
2024
Avg
Bangladesh
7.4
7.3
7.3
7.3
7.3
7.3
India
7
7.4
7.4
7.4
7.3
7.3
Bhutan
7.2
5.9
6.9
7.2
6.4
6.7
Lao PDR
6.5
6.7
6.8
6.8
6.8
6.7
Cambodia
6.8
6.7
6.6
6.6
6.5
6.6
Vietnam
6.5
6.5
6.5
6.5
6.5
6.5
Philippines
6.2
6.4
6.5
6.5
6.5
6.4
Myanmar
6.3
6
6.1
6.3
6.4
6.2
Uzbekistan
6
6
6
6
6
6
Turkmenistan
6
5.8
5.9
5.9
5.8
5.9
China
5.8
5.9
5.7
5.6
5.5
5.7
Maldives
6
5.5
5.5
5.5
5.5
5.6
Nepal
6.3
5.8
5.3
5
5
5.4
Mongolia
5.4
5.1
5.6
6
5
5.4
Indonesia
5.1
5.2
5.3
5.3
5.3
5.3
Georgia
4.8
5
5.2
5.2
5.2
5
Malaysia
4.4
4.9
4.8
4.8
4.9
4.8
Timor-Leste
5
4.8
4.8
4.8
4.8
4.8
Armenia
4.8
4.5
4.5
4.5
4.5
4.6
Afghanistan
3.5
4
4.5
5
5.5
4.5
Tajikistan
4.5
4.5
4.5
4
4
4.3
Sri Lanka
3.5
4.3
4.5
4.6
4.8
4.3
Pakistan
2.4
3
4.5
5
5
4
Kazakhstan
3.9
3.7
3.3
5.3
3.5
3.9
Tuvalu
4.4
4.2
4.1
3.9
2.7
3.9
Kyrgyz Republic
3.4
3.8
4.6
3.4
3.4
3.7
Thailand
3
3.5
3.6
3.6
3.6
3.5
Brunei Darussalam
4.7
3.6
3.5
2.4
2.1
3.3
Fiji
3
3.2
3.2
3.2
3.2
3.2
Papua New Guinea
2.6
2.5
3.1
3.4
3.5
3
Vanuatu
3.1
2.8
2.8
2.9
2.9
2.9
Solomon Islands
2.9
2.7
2.7
2.8
2.9
2.8
Republic of Korea
2.2
2.7
2.9
2.9
2.9
2.7
Tonga
3.7
2.9
2.4
2.1
2
2.6
Samoa
4.4
2.2
2.2
2.2
2.2
2.6
Hong Kong SAR
1.5
2.5
2.7
2.7
2.9
2.5
Azerbaijan
2.1
2.1
2.2
2.3
2.4
2.2
Kiribati
2.3
2
1.9
1.9
1.8
2
Palau
1.8
2.2
2
2
2
2
Singapore
1
1.6
2.2
2.4
2.5
1.9
Marshall Islands
2.3
2
1.8
1.6
1.2
1.8
Nauru
0.7
1.3
1.6
1.9
2
1.5
Micronesia
0.8
0.7
0.6
0.6
0.6
0.6
Japan
0.5
0.5
0.5
0.5
0.5
0.5
On Tue, 23 Nov 2021 at 00:56, 'venkat giri' via iyer123 <
[email protected]> wrote:
>
> *Respected Sir/s,*
> *JAPAN **is the only non-European
> country to have made the transition from being underdeveloped. Over the
> past century it has had the fastest growth rate of any country, and in the
> past decade has outpaced all other countries. More than in any other
> developed country except the U.S.S.R. Japanese growth has represented a
> deliberate effort of government policy. It is **believed** that there is
> evidential relationship between life expectancy and economic growth. *
>
> * JAPAN is one of the most rapidly aging societies in the world. A
> quarter of the population is age 65 or older. In TOKYO alone, some 3.1
> million residents will be 65 or older by 2025, according to the health
> ministry. The Japanese have the longest life span in the world with 86
> years for women and 79 years for men. Obesity rates in Japan are still very
> low, with 3% classed as obese compared to nearly 28% of people in the UK
> and 36% in the USA..*
>
>
>
> *GOOD BYE FRIENDS*
> *さようなら友達*
> *Sayōnara tomodachi*
> *V.Sridharan*
> *Trichy*
>
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> .
>
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