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.