World Economic Outlook
About
- The World Economic Outlook (WEO) is a flagship report published by the International Monetary Fund (IMF) that provides comprehensive analysis and forecasts of global economic developments.
- It is usually published twice a year, with updates in between.
- It is a critical tool used by policymakers, investors, and businesses to anticipate shifts in the global economy.
International Monetary Fund:
- The International Monetary Fund is an intergovernmental financial institution conceived in 1944 (following the Great Depression of the 1930s) at the United Nations Bretton Woods Conference in New Hampshire, United States.
- The IMF and the World Bank are known as the “Bretton Woods twins”.
- The IMF fosters economic growth and employment by providing temporary financial assistance to countries to help ease balance of payments adjustment and technical assistance.
- The IMF is comprised of 191 countries (India is a founder member) and is based in Washington, D.C.
- The IMF is a permanent observer at the United Nations.
Why in News?
- The International Monetary Fund (IMF), in its January 2026 World Economic Outlook update, has revised India’s GDP growth forecast for the current financial year (2025-26) upward to 7.3% from its previous projection of 6.6%.