Kristalina Georgieva said a growth rate of 3.3 per cent is not fantastic for the world economy
In the present scenario achieving a nine per cent GDP growth will be difficult, he said at the Tata Steel Kolkata Literary Meet here
The slowdown seen last year comes as President Moon Jae-in's administration boosts fiscal spending and as the Bank of Korea mulls further stimulus to shield the economy from the global slowdown
According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)
The recovery in growth for the fast moving consumer goods (FMCG) sector will begin playing out from March-April 2020 riding on a jump in farm incomes, Crisil Ratings said in its report
In the past two years, GDP growth in India is down nearly 220 basis points (bps, or bips), against growth deceleration of 85 bips in EMs
"This year, there will be a realistic assessment of the nominal GDP," said a source.
In a downside scenario, global growth would slow to just 1.8 per cent this year, it added.
The opinion pages focus on aspects related to all three. Kanika Datta sums up the views here
Soon after assuming office for the second term in May 2019, the Narendra Modi-led government set a target of taking the economy to USD 5 trillion over the next five years
NSO sees investment growth at 0.97%, lowest in 15 years
Former chief statistician Pronab Sen said economic revival depends on what the government does in the Budget
While speaking on the monetary policy-related aspects, Roubini also flagged up the issue of RBI autonomy
This projected recovery could be stronger if recent policy actions - particularly those that have mitigated trade tensions - lead to a sustained reduction in policy uncertainty, said the report
Maintain balance between growth and financial stability
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
Advance estimates show growth revival remains a daunting task
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With a fresh assessment of the state of the economy, all stakeholders would now look forward to the Union Budget to see how the government plans to revive growth
Titled Ten Surprises for 2020, the report is a list unexpected events that could influence and shape the sociopolitical landscapes worldwide for this year