IMF says that India is no longer the fastest growing economy

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Article published: Jan 16, 2017 – out of date: no longer suitable for your IB Economics commentary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

Source of image: Unsplash.com

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By EconDaddy IB Economics tutor|2022-01-13T10:43:18+00:00February 6th, 2017|Macro|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.