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

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3 years ago

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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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Tollywood

Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

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6 days ago

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January 16, 2025

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Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

Game Changer box office collection day 6: Ram Charan and Kiara Advani-starrer released in theatres on January 10.
Game Changer box office collection: Ram Charan, Kiara Advani-Game Changer is one the first big releases of this year, and came with huge audience expectations. However the film opened to mixed reviews and has performed decently at the box office. As per the latest version of Sacnilk.com, Game Changer has minted ₹6.11 crore in its sixth day of release. Game Changer is directed by Shankar.

Game Changer box office collection

The report states that Game Changer has now crossed the ₹110 crore mark at the box office. It minted ₹5.55 crore on its first Wednesday, which is the lowest for the film so far. The film had seen a slight growth on its fifth day of release, with ₹10 crore net. The overall collections now stand at ₹112.26 crore.

Game Changer minted ₹51 crore on its opening day, and saw a dip in collections on its second day with ₹21.6 crore. Day three collections were at ₹15.9 crore whereas day four net was ₹7.65 crore. The film saw a sharp decline in its weekdays and is yet to recover. Game Changer is facing stiff competition from a number of releases, which includes Nandamuri Balakrisha’s Daaku Maharaj, Unni Mukundan’s Marco and Allu Arjun’s Pushpa 2: The Rule.

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Amid box office concerns for the film, a pirated version of Game Changer was allegedly aired on a local TV channel and shown in buses. Screenshots of the same surfaced on X, which caught the attention of producer Sreenivas Kumar. He took to his X account to demand strict action on it.

A few days ago, the makers of the film had filed a complaint against individuals for allegedly leaking a pirated version of the film online. The complaint also states that before the film’s release, the producers and a few team members were threatened through social media and messaging platforms like WhatsApp, wherein the same alleged pirates demanded money from producers and threatened to leak the pirated version if their demands were not fulfilled.

Game Changer is directed by Shankar and stars Ram Charan, Kiara Advani, and SJ Suryah. The film has also been released in Tamil, Kannada, and Malayalam.

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