After the IMF’s modified forecasts, India should adopt strategies that prevent the worst case scenario
Less than two months after asserting that “international development appears to be bottoming out”, the pandemic induced ‘Fantastic Lockdown’ has actually required the IMF to scrap all its previous forecasts for economic output in2020 Forecasting the sharpest contraction in world output considering that the Great Anxiety of the 1930 s, the IMF slashed its forecast by 6.3 portion points from its January projection for 3.3%growth to a 3?crease.
