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Economist Intelligence Unit lowers global growth forecast

Feb 12, 2020 17:24 IST

The Economist Intelligence Unit has downgraded its global growth forecast for 2020 to 2.2%, from 2.3% previously, citing new risks that have emerged following the novel coronavirus outbreak in China. The Chinese authorities are taking unprecedented quarantine measures to halt the spread of the virus, which is likely to have consequences on the global economy, the Economist Intelligence Unit (EIU) said in a report. It has also lowered real GDP forecast for China in 2020 to 5.4%, from 5.9% previously. However, the EIU was bullish about India's growth forecast. It estimated India's real GDP growth to be 6.1%, provided that the coronavirus epidemic does not spread to the country.

Global Business