Report is usually published twice a year and provides analyses and projections of the global economy in the short and medium term.
Key highlights of Report
- Global growth: Projected to remain stable at 3.2% in 2024 and 2025.
- Uncertainty factors: Geopolitical conflict, increasing trade tensions and elections looming and leadership changes in major economies.
- India’s Growth: Expected to grow at 6.5% in 2025-26.
- Report highlights the urgency of structural reforms and discusses strategies to enhance the social acceptability of these reforms.
Structural Reforms
- Structural Reforms are policy changes that modify acquired rights and economic rents with aim of improving the allocation of resources in the economy.
- Social Acceptability: Securing social acceptance for structural reforms can be difficult, as gains and losses from reforms are unevenly distributed across society and time.
- Determinants of attitude towards Structural Reforms: Key determinant is personal beliefs, perceptions and other behavioural factors about effects of policy.
- It includes misinformation about policies and misperceptions about how they work.
- Socioeconomic characteristics underlying individuals’ economic self-interest also influences policy views.
Strategies for Boosting Support for Structural Reforms
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