Consider the following statements regarding the World Economic Situation and Prospects (WESP) report:
1. It is published annually by the World Economic Forum (WEF).
2. The Mid-2025 update projected India to be the fastest-growing major economy, driven primarily by private consumption and public investment.
Which of the statements given above is/are correct?

Question

Accepted Answer

b) 2 only — Statement 1 is incorrect because the WESP report is produced by the UN Department of Economic and Social Affairs (UN DESA), UNCTAD, and UN regional commissions, not the WEF. Statement 2 is correct as the mid-2025 update projected India's growth at 6.3 percent, supported by resilient private consumption and strong public investment.

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