📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    According to the Economic Survey 2024-25 , what was the

    global GDP growth rate in 2023, and what are the projected growth rates for 2024 and 2025?
    A 3.1% in 2023, 3.0% in 2024, 3.2% in 2025 Correct Answer Incorrect Answer
    B 3.5% in 2023, 3.3% in 2024, 3.1% in 2025 Correct Answer Incorrect Answer
    C 3.3% in 2023, 3.2% in 2024, 3.3% in 2025 Correct Answer Incorrect Answer
    D 2.8% in 2023, 2.9% in 2024, 3.1% in 2025 Correct Answer Incorrect Answer
    E 3.0% in 2023, 3.2% in 2024, 3.5% in 2025 Correct Answer Incorrect Answer

    Solution

    The Economic Survey 2024-25 highlights that the global economy grew by 3.3% in 2023 .  

    • The International Monetary Fund (IMF) projects a slight slowdown to 3.2% in 2024 and a moderate recovery to 3.3% in 2025 .  
    • Over the next five years (2024-2029) , global growth is expected to average around 3.2% , which is lower than pre-pandemic levels due to inflation, geopolitical tensions, and weaker global demand .  
    Regional Growth Breakdown:  
    • United States : Growth at 2.8% in 2024 , expected to slow in 2025.  
    • Euro Area : Weak growth, expected at 0.8% in 2024 and 1.0% in 2025 .  
    • Emerging Markets (EMDEs) : Growth at 4.4% in 2024 and 4.2% in 2025 .  
    • India : Among the fastest-growing economies, projected at 6.4% in FY25 .  

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question