• Wednesday, May 29, 2024

Business

Arun Jaitley at annual meetings of IMF and World Bank

By: Eastern Eye Staff

In his address to the annual meetings of International Monetary Fund and World Bank, Jaitley said it is reassuring that economic recovery has gathered pace. Global GDP growth is poised to increase in 2017 and 2018 with improving traction in growth performance in the euro zone, Japan, emerging Asia and Europe, as well as in Russia, he noted. While the persistence of low productivity and potential growth in advanced economies (AEs) remains worrisome, growth in emerging markets and developing economies (EMDEs) is expected to recover going forward, he said. The prospects in commodity exporting countries continue to remain challenging due…

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