According to the World Economic Outlook Database (WEO), released on April 14, 2015, the International Monetary Fund (IMF) has predicted a not so good global growth scenario till 2020. Following are few of the highlights of the report:
- US growth has been revised lower- below 3%
- India’s GDP growth will not cross 8% till 2020
- The new normal in world growth - below 4%
- Commodity prices will remain low
- World trade growth will be muted
To know more, read the following article by Manas Chakravarty at livemint.com: