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    Question

    Consider the following statements with respect to the

    growth forecasts been projected by the World Bank - I. The World Bank has slashed the growth forecast for the East Asia and Pacific (EAP) region to 4.7┬а per cent for 2023 from its April forecast of 5.1 per cent. II.The rest of the countries in the region are expected to see a slowdown to 4.6 per cent from 5.8 per cent. III. In 2024, the EAP region has been projected to grow by 4.1 per cent. Which of the following statements is/are correct?┬а
    A Only I & II Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only II & III Correct Answer Incorrect Answer
    D Only I Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The World Bank has slashed the growth forecast for the East Asia and Pacific (EAP) region to 5 per cent for 2023 from its April forecast of 5.1 per cent. While China is expected to grow at 5.1 per cent this year, up from 3 per cent in 2022, the rest of the countries in the region are expected to see a slowdown to 4.6 per cent from 5.8 per cent.┬а┬а┬а However, among the region, the Pacific countries are expected to grow at a higher 5.2 per cent. In 2024, the EAP region has been projected to grow by 4.5 per cent.

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