IMF Releases World Economic Outlook April 2025
In News
What Happened
Why It Matters
Background
History & Context
What Changed
- ▶
Global Ranking: BEFORE India was the fifth-largest economy trailing Japan, NOW it is projected to surpass Japan to become the fourth-largest economy in nominal terms in 2025.
- ▶
India Growth Forecast: BEFORE India's 2025 growth was projected slightly higher in previous estimates, NOW it is revised down to 6.2% owing to global trade tensions.
- ▶
Global Growth Forecast: BEFORE global growth was expected to be relatively stable around 3.2%, NOW it has been slashed to 2.8% due to protectionist policies.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements regarding the IMF's World Economic Outlook and GDP measurement is/are correct? 1. The WEO projected India to surpass Japan to become the world's fourth-largest economy in nominal GDP terms. 2. A country's global ranking in nominal GDP is always identical to its ranking based on Purchasing Power Parity (PPP).