IMF Cuts India's GDP Growth Forecast is __________.
Options
A. 7.3%
B. 7.4%
C. 7.2%
D. 7.5%
Correct Answer
7.3%
Explanation
The International Monetary Fund (IMF) cut its economic growth forecasts for India by 20 basis points (bps) each from its January predictions to 7.3% for FY20 and 7.5% for the next fiscal. Citing persistent risks from the trade war, it lowered 2019 global growth forecast by 20 basis points to 3.3%, the weakest since 2009 when the subprime crisis had flared up.
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