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CNN Money: India no longer the world’s fastest-growing economy: IMF

Article published: Jan 16, 2017 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Macroeconomics (economic growth)

The IMF’s World Economic Outlook forecasts that economic growth in India will decline this year, thanks to a “temporary negative consumption shock” caused by the government’s decision to ban the countries largest rupee notes, a policy aimed at combating corruption and tax evasion.

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