Context: In its latest World Economic Outlook Update, the International Monetary Fund (IMF). predicted that China would grow 8.1 per cent in 2021, followed by Spain (5.9 per cent) and France (5.5 per cent).

• The Indian economy will stage a strong rebound and grow as much as 11.5 per cent on year in FY22, the International Monetary Fund (IMF).
• With this, India will emerge as the only key nation to record a double-digit growth and reclaim the status of the world’s fastest-growing major economy.
• India’s real gross domestic product (GDP) shrank as much as 8 per cent in FY21 due to the Covid-19 pandemic.
• In FY23, the economy will likely grow 6.8 per cent.

International Monetary Fund (IMF) reports:

• The International Monetary Fund (IMF) releases the Global Financial Stability Report twice in a year — April and October.
• The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context.
• The Report draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook.

https://indianexpress.com/article/world/imf-projects-impressive-11-5-per-cent-growth-rate-for-india-in-2021-7162652/

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