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Global economic outlook better than June, but ‘not out of the woods’

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Global economic outlook better than June, but ‘not out of the woods’

The global economic outlook is less bleak than projected in June, the International Monetary Fund (IMF) said on Thursday, hinting that the organisation’s forecasts for growth will be raised next month.

“Recent incoming data suggests that the outlook may be somewhat less dire” than projected in the Washington-based crisis lender’s World Economic Outlook published in June, spokesman Gerry Rice said, nothing that “parts of the global economy [are] beginning to turn the corner”.

As the coronavirus has moved through the world, economists have been forced to constantly revise their forecasts for growth.
The IMF is set to update its global outlook on October 13, although Rice did not reveal details about the new projection.

In its June forecast, the fund said world gross domestic product would drop by 4.9 per cent and the virus would wipe out US$12 trillion over two years

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However, China and some other advanced economies performed better than expected in the second quarter of 2020, Rice said, partly due to the easing of lockdown measures after the near total shutdowns earlier in the year.

“This crisis, however, is far from over,” they wrote. “The recovery remains very fragile and uneven across regions and sectors. To ensure that the recovery continues, it is essential that support not be prematurely withdrawn.”
They cautioned that, “Though the world has learned to live with the virus, a full recovery is unlikely without a permanent medical solution.”

Tap To Explore More : Economic Times

Also Read : Announcement Of Bharat Bandh Against Agricultural Bills Today

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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