{"id":8422,"date":"2020-06-05T12:35:04","date_gmt":"2020-06-05T07:05:04","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=8422"},"modified":"2020-06-05T12:35:04","modified_gmt":"2020-06-05T07:05:04","slug":"global-economic-prospects-report-2020","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/global-economic-prospects-report-2020\/","title":{"rendered":"Global Economic Prospects report 2020"},"content":{"rendered":"<section class=\"hero-section\" data-type=\"type-1\" data-alignment=\"left\">\n<header class=\"entry-header\"><span style=\"color: #0000ff;\"><strong>Relevance: Prelims: International<\/strong><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.indiathinkers.com\/wp-content\/uploads\/2020\/06\/global-economic-prospects-report.jpg?fit=780%2C439&amp;ssl=1\" alt=\"World Bank's Global Economic Prospects | INDIATHINKERS\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Why in news?<\/strong><\/span><\/p>\n<\/header>\n<\/section>\n<div class=\"entry-content\">\n<p>\u2022 The World Bank released its Global Economic Prospects (GEP) June 2020 report.<\/p>\n<\/div>\n<h4><span style=\"color: #ff0000;\">Global Economic Prospects (GEP)<\/span><\/h4>\n<ul>\n<li>GEP is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging market and developing economies.<\/li>\n<li><span style=\"color: #ff0000;\"><strong>It is issued twice a year, in January and June.<\/strong><\/span><\/li>\n<li>The January edition includes in-depth analyses of topical policy challenges while the June edition contains shorter analytical pieces.<\/li>\n<\/ul>\n<div class=\"entry-content\">\n<p><span style=\"color: #ff0000;\"><b>Key hig<\/b><b style=\"font-size: 1.125rem;\">hlights of the report:<\/b><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EVkIo_bWAAA3-Tq.jpg\" alt=\"IMF on Twitter: &quot;JUST RELEASED: April 2020 World Economic Outlook ...\" \/><\/p>\n<p>\u2022 The COVID-19 pandemic is expected to have \u201csevere\u201d short and long-term effects on economic growth.<\/p>\n<p>\u2022 Current estimates show that 60 million people could be pushed into extreme poverty in 2020. These estimates are likely to rise further.<\/p>\n<p>\u2022 EMDEs (Emerging Market and Developing Economies) are especially vulnerable. These countries are expected to have a 3-8% output loss in the short term.<\/p>\n<p>\u2022 The Global Economic Prospects (GEP) is the World Bank\u2019s semi-annual flagship publication on the state of the world economy.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong><\/span> <span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims: International Why in news? \u2022 The World Bank released its Global Economic Prospects (GEP) June 2020 report. Global<\/p>\n","protected":false},"author":1,"featured_media":7214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[392],"class_list":["post-8422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=8422"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8422\/revisions"}],"predecessor-version":[{"id":8423,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8422\/revisions\/8423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/7214"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=8422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=8422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=8422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}