Question : UNCTAD's Trade and Development Report 2021 released on September 2021. Accordingly, which of the following statement(s) is/are correct ?
Statements ---

  1. India's growth rate is forecast to be 7.2% in 2021
  2. Global growth rate is forecast to be 5.3% in 2021
  3. Bounce back in global growth rate is the fastest in nearly 50 years
    Options ---
    a. Only 1.
    b. Only 2.
    c. Only 3.
    d. All of the above
    Ans. d.
    Related facts ---

UNCTAD's "Trade and Development Report 2021" released on September 15, 2021.
Key points of the report ---

  1. India is expected to grow at 7.2 per cent in 2021 but economic growth could decelerate at the level of 6.7 per cent next year.
  2. Regardless, India will continue to be the fastest growing major economy in the world next year(2022).
  3. Global growth rate is forecast to be 5.3% in 2021
  4. Bounce back in global growth rate is the fastest in nearly 50 years
  5. United States is projected to grow at 5.7 per cent in 2021 followed by a three per cent GDP growth next year.
  6. China's growth rate is estimated at 8.3 per cent in 2021.
  7. It will see its growth slow down to 5.7 per cent in 2022.
  8. Globally, international trade in goods and services has recovered, after the overall flow dropped by 5.6% in 2020.
  9. The report's modelling projections point to real growth of global trade in goods and services of 9.5% in 2021.

By --- Pankaj Pandey.

Link:
https://unctad.org/publications