1) Norway Ranks 1 in Human development Index (HDI). HDI is considered a better measure of a country's progress than income growth. On the positive side, India's HDI has risen by 1.7% annually since 1980. The report lauds India's contribution by way of its spillover development effect on other countries. For instance, it points out that Indian firms have been supplying affordable medicines, medical equipment and information and communication technology to other poorer countries.
2) It estimates that by 2020, the combined economic output of the three leading developing countries India, Brazil and China will surpass the aggregate production of Canada, France, Germany, Italy, the United Kingdom and the United States.
The United States rank last in child income poverty, has the largest difference in P90/P10, and has the highest percentage of people living below 50% median income.
For the first time during the post World War II era, the global economy is expected to shrink due to measures in force worldwide to suppress the coronavirus, according to the IMF World Economic Outlook (WEO) released on April 14, 2020. In this edition of the WEO, the IMF shortened the forecast horizon to 2021 instead of the expected 2025 horizon and limited the number of indicators available in its statistical tables because of the high level of uncertainty in current global economic conditions. In the baseline scenario—which assumes that the pandemic fades in the second half of...
(17 April 2020) Chinese GDP contracted 6.8 percent in the first quarter of 2020 according to China's National Bureau of Statistics. While it is the first decline in the history of quarterly GDP growth records, which date back to 1993, annual GDP, which has a longer history, dropped below zero once before in 1976. It is still unclear whether the Chinese economy will register a decline at the end of 2020. According to the IMF's latest World Economic Outlook, China is among the critical few economies that are still projected to grow in 2020. China's rapid economic downturn is tied to...
(8 April 2021) Amid COVID-19 vaccination progress and new stimulus measures from the US government, IMF economists are predicting a shining near-term future for the global economy. Here are the key takeaways from the April 2021 edition of the IMF's World Economic Outlook (WEO) report: The IMF now estimates 2020 growth to have been -3.3 percent, a 1.1 percentage point upward revision from its October 2020 projection. The outlook for 2021 improved by 0.8 percentage points, to 6%, based on expected additional fiscal support in the US and other large economies and anticipated...
Our website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your personal cookie settings through your internet browser settings.
Privacy Policy