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Lower Consumption, Less Credit Led To Decline Of Growth To 5%: World Bank

Lower Consumption, Less Credit Led To Decline Of Growth To 5%: World Bank

Thursday, January 9, 2020, 8:57 PM

The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The US' growth is forecast to slow to 1.8 per cent this year, reflecting the negative impact of earlier tariff increases and elevated uncertainty.
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