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IMF Warns India About Inflation, Expects “Delicate Year” for Global Economy
April 17, 2019
The International Monetary Fund (IMF) has raised concerns over three major risks which are weak investments, increasing inequality, and increasing protectionism. In its “World Economic Outlook” report, it said that this would be a “delicate year” for the world economy.
IMF said that India falls almost in the middle of various key macroeconomic parameters viz. inflation, savings and investments, debt, etc. It also showed in the report that consumer inflation is rising in India mainly because of rising oil pricing and high trade costs.
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