IMF World Economic Outlook (Indian Economy)
IMF World Economic Outlook (Indian Economy)
Why In News:
The International Monetary Fund (IMF) released its July 2026 World Economic Outlook (WEO) Update.
Source: The Indian Express, Page 13, 9 July 2026 - 'IMF lowers global growth forecast to 3%, India's to 6.4%'
Key Numbers from the Update
Global growth: retained at 3.0% for 2026, expected to rebound to 3.4% in 2027.
India: growth forecast cut slightly to 6.4% for 2026, but the 2027 forecast raised to 6.7%, keeping India among the world's fastest-growing major economies, supported by resilient private consumption and services activity.
Other economies: United States 2.3%, Euro area 0.9%, Japan 0.6%, with China revised up to around 4.6% for 2026.
Emerging market and developing economies as a group saw growth trimmed to 3.8% for 2026.
Key Facts for Prelims
The IMF is headquartered in Washington, D.C., and was established at the 1944 Bretton Woods Conference, becoming operational in 1945.
It currently has 191 member countries; the Managing Director is Kristalina Georgieva.
The World Economic Outlook is normally published twice a year (April and October), with interim Updates in January and July.