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World Bank: Global GDP to drop to 4.1% amid surge in Covid variants, inflation

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World Bank: Global GDP to drop to 4.1% amid surge in Covid variants, inflation

Emerging variants of Covid-19 and rising inflation, debt and income inequality will cause overall global GDP to fall from 5.5% in 2021 to 4.1% in 2022, according to a World Bank report.

After a strong rebound in 2021, the global economy will face a slowdown as the coronavirus variant, rising inflation, the threat of global debt and income inequality will hamper economic recovery, according to the World Bank’s latest report, Global Economic Outlook. “The world economy is simultaneously confronted with COVID-19, inflation and policy uncertainty, with government spending and monetary policy in uncharted territory. Rising inequality and security challenges are particularly detrimental to developing countries,” said World Bank Group President David O. Malpass said. “Coordinated international action” and comprehensive national policy measures will be needed to put the global economy back on a growth track.

The World Bank on Tuesday maintained its forecast for India’s FY22 GDP growth at 8.3 percent, according to its global economics prospectus. Additionally, the Washington-based agency has raised its forecasts for FY23 and FY24 to 8.7% and 6.8%, respectively.

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The World Bank forecast comes after the Indian government pre-estimated that India’s gross domestic product will grow by 9.2% in the current fiscal year to March 2022.

The global agency further forecast growth in the US, the euro zone and China, and warned that high debt levels, rising income inequality and a new variant of Covid-19 threaten the recovery of developing economies.

Complete News Source : mint

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

US Vice President JD Vance, his wife Usha Vance, and their children visited the historical Amer Fort in Jaipur on April 22, 2025. The Vance family received a warm welcome at the Fort, where they were greeted with a traditional Rajasthani dance performance and elegantly decorated elephants. Second Lady Usha Vance, the wife of US vice president JD Vance, carries her daughter Mirabel as they watch a cultural performance at the Amber Fort in Jaipur.

Rajasthan CM Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer Fort in Jaipur. The Vance family will depart for the US early Thursday morning. In related news, JD Vance and wife Usha attended Good Friday service at St. Peter’s Basilica in Vatican City. Vance also visited the Taj Mahal in Agra on April 23, 2025. Vance said that “good progress.

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In other news, Pope Francis’ funeral is set to start on Wednesday, and the J&K tourist hub has been completely shut today. On 4/20, celebrations across the US highlight cannabis culture and calls for legalization had been made towards a trade deal with India after meeting with “tough negotiator” Prime Minister Narendra Modi in New Delhi. The Vance family visited.

On April 22, 2025, US Vice President JD Vance, accompanied by his wife Usha Vance, and their three children, visited Jaipur’s historic Amber Fort. The family received a warm welcome, highlighted by traditional Rajasthani folk performances and a red carpet reception. As they entered the fort’s main courtyard, Jaleb Chowk, they were greeted by two elegantly decorated elephants named Chanda and Mala, raising their trunks in greeting. ​

During their visit, the Vances were joined by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who guided them through the fort’s rich history and architectural marvels. The family also enjoyed cultural performances featuring traditional dances such as Kacchi Ghodi, Ghoomar, and Kalbeliya, offering a glimpse into the vibrant.

Usha Vance, dressed in a chic white shirt and patterned skirt, explored the fort alongside her family and dignitaries, embracing the cultural experience culture of Rajasthan This visit was part of Vice President Vance’s four-day official trip to India, aimed at strengthening bilateral relations between the United States and India. The Vance family departed for Washington.

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Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer from Jaipur on April 24, concluding their cultural tour of India Upon their arrival at Amber Fort, the Vance family was greeted with traditional Rajasthani hospitality. Two elegantly decorated elephants, Chanda and Pushpa, adorned with silver ornaments, were stationed at the entrance welcome.

The family was also treated to a cultural performance featuring folk artists dressed in traditional Rajputi and Kalbelia attire, accompanied by musicians playing regional instruments. The vibrant rangolis and the overall festive atmosphere highlighted the rich cultural tapestry of Rajasthan The fort’s impressive courtyards and majestic structures.

Exploring the Fort’s Historical Significance

During their tour of Amber Fort, the Vance family explored various architectural marvels, including the Sheesh Mahal (Mirror Palace), known for its intricate mirror work and stunning design. They were accompanied by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who provided insights into the fort’s history and significance.​

Engaging with Local Culture

Throughout their visit, Vice President Vance demonstrated a keen interest in engaging with The Vance family’s visit to Amber Fort was part local culture. He interacted with the folk artists and expressed appreciation for the traditional performances, reflecting a genuine curiosity and respect for India’s diverse cultural heritage.​

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