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Q21 (IAS/2015) International Relations & Global Affairs β€Ί Global Indices, Reports & Agreements β€Ί Global economic reports Official Key

Which one of the following issues the 'Global Economic Prospects' report periodically?

Result
Your answer: β€”  Β·  Correct: D
Explanation

The Global Economic Prospects report is issued by the World Bank Group twice a year (in January and June).[1] The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs).[1] The documents clearly reference multiple editions of the Global Economic Prospects report published by the World Bank, including the June 2015 and January 2015 editions, which confirms that the World Bank was indeed publishing this report periodically as of 2015. This flagship report provides comprehensive analysis of global economic trends and forecasts, making it an important resource for understanding worldwide economic conditions. The other institutions listed - Asian Development Bank, European Bank for Reconstruction and Development, and US Federal Reserve Bank - publish their own reports but not the Global Economic Prospects report.

Sources
  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Which one of the following issues the 'Global Economic Prospects' report periodically? [A] The Asian Development Bank [B] The European …
At a glance
Origin: Books + Current Affairs Fairness: Low / Borderline fairness Books / CA: 2.5/10 Β· 7.5/10

This is a classic 'Sitter' for any serious aspirant. The 'Reports & Indices' theme is a guaranteed 2-4 marks every year. If you are reading monthly current affairs or standard economy books (like Nitin Singhania), this table of 'Organization vs. Report' is mandatory memorization.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does the Asian Development Bank periodically publish the "Global Economic Prospects" report as of 2015?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"Andrew Burns, Lead Author, Global Economic Prospects Report, World Bank Group:"
Why this source?
  • Explicitly names a World Bank Group lead author for the Global Economic Prospects report.
  • Indicates the report is a World Bank Group publication, not one produced by the Asian Development Bank.
Web source
Presence: 5/5
"says the World Bank in the newly-released Global Economic Prospects report."
Why this source?
  • States that the World Bank released the Global Economic Prospects report.
  • Attributes the periodic report to the World Bank rather than the Asian Development Bank.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
Strength: 5/5
β€œβ€’ The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs). β€’ It is issued by World Bank Group twice a year (in January and June). β€’ As per latest January 2021 GEP Report: β€’ The global economic output is projected to grow by 4 per cent in 2021 assuming widespread roll-out of COVID-19 vaccine. β€’ India is expected to grow at 5.4 per cent in 2021-22 and 5.2 per cent in 2022-23 after an expected contraction of 9”
Why relevant

Explicitly states the 'Global Economic Prospects' (GEP) report is issued by the World Bank Group twice a year.

How to extend

A student could combine this with the basic fact that one organization typically 'owns' a report title to suspect ADB is not the publisher and then verify publisher lists from 2015.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 13. Which one of the following issues 'Global Economic Prospects' report periodically? > p. 556
Strength: 4/5
β€œβ€’ (a) The Asian Development Bank β€’ (b) The European Bank of Reconstruction and Development β€’ (c) The US Federal Reserve Bank β€’ (d) The World Bank β€’ 14. Which of the following organisations brings out the publication 'World Economic Outlook'? β€’ (a) The International Monetary Fund β€’ (b) The United Nations Development Programme β€’ (c) The World Economic Forum β€’ (d) The World Bank”
Why relevant

Provides a multiple‑choice question listing ADB and World Bank as candidate issuers of GEP, implying the question tests which institution publishes GEP.

How to extend

A student could infer the intended correct answer is not ADB (given other evidence) and check official 2015 bibliographies for confirmation.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > ASIAN DEVELOPMENT BANK > p. 531
Strength: 4/5
β€œβ€’ Objectives of ADB: β€’ To eradicate poverty from Asia and Pacific region and to help developing countries improve the quality of life. β€’ To bring economic stability and sustainable development. Functions of ADB: β€’ Providing loans and equity investment for economic and social advancement of the developing member countries. β€’ Technical assistance in planning and execution of projects. Asian Development Outlook is an annual publication by ADB. ۰”
Why relevant

States that the Asian Development Bank publishes the 'Asian Development Outlook' annually β€” showing ADB uses a different, regionally named flagship economic report.

How to extend

Using the fact ADB has its own regional outlook title, a student could judge it less likely ADB also issued a global report named GEP and then compare report titles in 2015.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
Strength: 3/5
β€œβ€’ Usually published twice a year by IMF (usually April and October). β€’ Showcases the staff economists' analysis and forecasts of global economic developments and policies in the member countries of IMF during the near and medium term. β€’ The report also indicates the risks and uncertainty that may threaten growth of member countries. β€’ As per the last published October 2020 World Economic Outlook report: β€’ Due to COVID-19 pandemic, global GDP growth is projected to decline to -4%. This October 2020 report was titled 'A long and Difficult Ascent'.”
Why relevant

Notes that the IMF publishes the 'World Economic Outlook', illustrating that major institutions each publish distinct, named global economic reports.

How to extend

A student could apply this pattern (distinct report titles per institution) to reason that 'Global Economic Prospects' is likely tied to one specific institution (as snippet 1 says) rather than ADB.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Development Report > p. 526
Strength: 3/5
β€œβ€’ It is published annually since 1978 by IBRD or World Bank. β€’ The report provides an in-depth analysis of a specific aspect of the economic development.”
Why relevant

Mentions 'World Development Report' is published by the World Bank annually, showing the World Bank regularly issues major reports on development and prospects.

How to extend

A student could extend this to infer the World Bank commonly publishes flagship reports (supporting the snippet that GEP is a World Bank product), reducing the plausibility that ADB published GEP in 2015.

Statement 2
Does the European Bank for Reconstruction and Development periodically publish the "Global Economic Prospects" report as of 2015?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"A World Bank Group Flagship Report Global Economic Prospects JUNE 2015 ... Β© 2015 International Bank for Reconstruction and Development / The World Bank"
Why this source?
  • Identifies 'Global Economic Prospects' as a World Bank Group flagship report (June 2015).
  • Shows copyright attributed to the International Bank for Reconstruction and Development / The World Bank, not the EBRD.
Web source
Presence: 5/5
"Flagship Report JANUARY 2015 Global Economic Prospects Having Fiscal Space and Using It ... Β© 2015 International Bank for Reconstruction and Development / The World Bank"
Why this source?
  • Shows a January 2015 'Global Economic Prospects' flagship report published by the World Bank Group.
  • Reinforces that the World Bank (IBRD) is the publisher of GEP in 2015, not the EBRD.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
Strength: 5/5
β€œβ€’ The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs). β€’ It is issued by World Bank Group twice a year (in January and June). β€’ As per latest January 2021 GEP Report: β€’ The global economic output is projected to grow by 4 per cent in 2021 assuming widespread roll-out of COVID-19 vaccine. β€’ India is expected to grow at 5.4 per cent in 2021-22 and 5.2 per cent in 2022-23 after an expected contraction of 9”
Why relevant

Explicitly states the 'Global Economic Prospects' (GEP) report is issued by the World Bank Group twice a year.

How to extend

A student could infer that GEP is normally a World Bank product and therefore check whether another bank (EBRD) would also publish the same named global reportβ€”one would expect the publisher to be the World Bank rather than EBRD.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
Strength: 4/5
β€œβ€’ Usually published twice a year by IMF (usually April and October). β€’ Showcases the staff economists' analysis and forecasts of global economic developments and policies in the member countries of IMF during the near and medium term. β€’ The report also indicates the risks and uncertainty that may threaten growth of member countries. β€’ As per the last published October 2020 World Economic Outlook report: β€’ Due to COVID-19 pandemic, global GDP growth is projected to decline to -4%. This October 2020 report was titled 'A long and Difficult Ascent'.”
Why relevant

Describes that the IMF publishes its well-known periodic global report 'World Economic Outlook' (WEO) and indicates different institutions have their own signature periodic reports.

How to extend

Use the pattern that major multilateral institutions publish distinct flagship reports (IMF β†’ WEO, World Bank β†’ GEP); therefore, a student can judge it unlikely that EBRD would publish another institution's flagship global report.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Surveillance > p. 514
Strength: 3/5
β€œβ€’ It looks upon the international monetary system and monitors the economic and financial policies, thereby highlighting the possible risks to stability and advises member countries on the same. β€’ IMF publishes two periodic reports in this regard 'World Economic Outlook' and 'Global Financial Stability Report'.”
Why relevant

Notes IMF publishes two periodic surveillance reports and implicitly supports the idea that specific reports are associated with specific institutions.

How to extend

Combine with the GEP→World Bank link to reason that periodic global reports are institution-specific; a student could then look up EBRD's typical publications to see if GEP appears among them.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) > p. 534
Strength: 3/5
β€œβ€’ Established in 1991, EBRD is a multilateral developmental investment bank. β€’ It has 69 countries from across the globe and 2 European Union institutions (EU and European β€’ Investment Bank) as members.β€’ India is its latest member (joined in 2018). Ω β€’ EBRD supports through funding mainly for development of private sectors. β€’ Its headquarters is located in London. Ϋ°β€’ Present president of EBRD Odile Renaud-Basso (since July 2020) Enhanced international markets opportunity.”
Why relevant

Summarises EBRD's mandate and role as a regional/multilateral development bank focused on private sector development.

How to extend

Given EBRD's regional/development focus, a student might expect its flagship publications to target regional transition economies rather than a global 'GEP'β€”so they could check EBRD publication lists or compare mandates (World Bank vs EBRD).

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Development Report > p. 526
Strength: 3/5
β€œβ€’ It is published annually since 1978 by IBRD or World Bank. β€’ The report provides an in-depth analysis of a specific aspect of the economic development.”
Why relevant

States the World Development Report is published annually by IBRD/World Bank, reinforcing that the World Bank issues major recurring global reports.

How to extend

Reinforces the pattern that the World Bank issues multiple regular global reports (WDR, GEP), so one would first attribute GEP to the World Bank and not to EBRD when evaluating the statement.

Statement 3
Does the US Federal Reserve Bank periodically publish the "Global Economic Prospects" report as of 2015?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"says the World Bank in the newly-released Global Economic Prospects report."
Why this source?
  • Explicitly states the Global Economic Prospects report is released by the World Bank.
  • Shows the World Bank as the source/publisher, not the Federal Reserve.
Web source
Presence: 5/5
"Andrew Burns, Lead Author, Global Economic Prospects Report, World Bank Group:"
Why this source?
  • Identifies the lead author of the Global Economic Prospects report as being from the World Bank Group.
  • Links the report directly to the World Bank Group rather than the Federal Reserve.
Web source
Presence: 5/5
"SPECIAL FEATURE 1 GLOBAL ECONOMIC PROSPECTS | JUNE 2015"
Why this source?
  • Document is a June 2015 Global Economic Prospects publication hosted on the World Bank website.
  • Indicates the report exists in 2015 and is associated with the World Bank.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
Strength: 5/5
β€œβ€’ The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs). β€’ It is issued by World Bank Group twice a year (in January and June). β€’ As per latest January 2021 GEP Report: β€’ The global economic output is projected to grow by 4 per cent in 2021 assuming widespread roll-out of COVID-19 vaccine. β€’ India is expected to grow at 5.4 per cent in 2021-22 and 5.2 per cent in 2022-23 after an expected contraction of 9”
Why relevant

Explicitly states the 'Global Economic Prospects' (GEP) is issued by the World Bank Group twice a year.

How to extend

A student could use this to infer that the World Bank, not the US Federal Reserve, is the regular publisher and then check World Bank publications from 2015.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 13. Which one of the following issues 'Global Economic Prospects' report periodically? > p. 556
Strength: 4/5
β€œβ€’ (a) The Asian Development Bank β€’ (b) The European Bank of Reconstruction and Development β€’ (c) The US Federal Reserve Bank β€’ (d) The World Bank β€’ 14. Which of the following organisations brings out the publication 'World Economic Outlook'? β€’ (a) The International Monetary Fund β€’ (b) The United Nations Development Programme β€’ (c) The World Economic Forum β€’ (d) The World Bank”
Why relevant

Presents a multiple-choice question listing the US Federal Reserve Bank and the World Bank as answer options for who periodically issues GEP, implying an authoritative identification exists in the text.

How to extend

A student could use the MCQ format to rule out the Fed by consulting the corresponding answer key or the referenced chapter where the correct publisher is discussed (likely World Bank).

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Surveillance > p. 514
Strength: 3/5
β€œβ€’ It looks upon the international monetary system and monitors the economic and financial policies, thereby highlighting the possible risks to stability and advises member countries on the same. β€’ IMF publishes two periodic reports in this regard 'World Economic Outlook' and 'Global Financial Stability Report'.”
Why relevant

Shows IMF publishes its own periodic global reports ('World Economic Outlook' and 'Global Financial Stability Report'), illustrating that major international organisations (IMF, World Bank) β€” not central banks like the Fed β€” typically publish such global prospect reports.

How to extend

A student could generalise that institution-level global reports are usually produced by multilateral organisations and then check if the Fed (a central bank) appears in that list for GEP.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 7: Money and Banking > MONETARY POLICY REPORT AND FINANCIAL STABILITY REPORT > p. 173
Strength: 3/5
β€œThe Reserve Bank of India (RBI) publishes Monetary Policy Report (MPR) after every 6 months to explain the sources and forecasts of inflation for the coming period of 6-18 months. The RBI also publishes Financial Stability Report (FSR) biannually which reflects an assessment of the sub-committee of the Financial Stability and Development Council (FSDC) on the risks to financial stability. (Before the examination, aspirants may benefit by reading the most recent MPR and FSR published by RBI.)”
Why relevant

Explains that a central bank (RBI) publishes its own regular reports (Monetary Policy Report, Financial Stability Report), suggesting central banks produce domestically focused periodic reports rather than GEP-style global prospectus.

How to extend

A student could extend this pattern to reason that the US Federal Reserve would more likely publish domestic/financial stability reports, so they should verify whether the Fed issues a GEP or not.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
Strength: 3/5
β€œβ€’ Usually published twice a year by IMF (usually April and October). β€’ Showcases the staff economists' analysis and forecasts of global economic developments and policies in the member countries of IMF during the near and medium term. β€’ The report also indicates the risks and uncertainty that may threaten growth of member countries. β€’ As per the last published October 2020 World Economic Outlook report: β€’ Due to COVID-19 pandemic, global GDP growth is projected to decline to -4%. This October 2020 report was titled 'A long and Difficult Ascent'.”
Why relevant

Details that IMF publishes the 'World Economic Outlook' twice a year β€” another example that large multilateral institutions produce named global outlook reports.

How to extend

A student could compare the named global reports (IMF WEO, World Bank GEP) and infer that GEP aligns with World Bank practice rather than Fed activities, then check 2015 archives accordingly.

Statement 4
Does the World Bank periodically publish the "Global Economic Prospects" report as of 2015?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
Presence: 5/5
β€œβ€’ The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs). β€’ It is issued by World Bank Group twice a year (in January and June). β€’ As per latest January 2021 GEP Report: β€’ The global economic output is projected to grow by 4 per cent in 2021 assuming widespread roll-out of COVID-19 vaccine. β€’ India is expected to grow at 5.4 per cent in 2021-22 and 5.2 per cent in 2022-23 after an expected contraction of 9”
Why this source?
  • Explicitly states the Global Economic Prospects (GEP) is issued by the World Bank Group.
  • Specifies the GEP is issued twice a year (January and June), confirming periodic publication.
  • Directly links the report's focus to global economic development and EMDEs, consistent with a recurring survey-style report.
Pattern takeaway: UPSC consistently tests the 'Who publishes what?' format for major global reports. The options almost always include the IMF, World Bank, and WEF to confuse you. Regional banks (ADB, EBRD) are usually distractors for 'Global' titled reports.
How you should have studied
  1. [THE VERDICT]: Sitter. This is a direct hit from standard static economy books (e.g., Nitin Singhania Ch. 18) and any basic 'Reports and Indices' compilation.
  2. [THE CONCEPTUAL TRIGGER]: International Economic Institutions. Specifically, the distinction between the 'Bretton Woods Twins' (IMF vs World Bank) and their flagship publications.
  3. [THE HORIZONTAL EXPANSION]: Memorize the 'Big 5' confusion points: 1) World Economic Outlook = IMF. 2) Global Financial Stability Report = IMF. 3) Global Economic Prospects = World Bank. 4) World Development Report = World Bank. 5) Global Competitiveness Report = WEF.
  4. [THE STRATEGIC METACOGNITION]: Do not memorize reports alphabetically. Group them by Institution. Create a mental folder: 'World Bank = Development & Prospects', 'IMF = Stability & Outlook', 'WEF = Competitiveness & Gender'.
Concept hooks from this question
πŸ“Œ Adjacent topic to master
S1
πŸ‘‰ Flagship economic reports and their publishing institutions
πŸ’‘ The insight

The statement confuses the publisher of 'Global Economic Prospects' (GEP); the references identify which institutions issue major global economic reports (e.g., GEP, WEO, Asian Development Outlook, World Development Report).

UPSC questions often ask which international organisation publishes a given flagship report. Mastering a concise list of reports and their publishers (World Bank, IMF, ADB, etc.) is high-yield for both static and current-affairs questions. Build and memorize a two-column cheat-sheet (report ↔ publisher) and revise it using past MCQs.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Development Report > p. 526
πŸ”— Anchor: "Does the Asian Development Bank periodically publish the "Global Economic Prospe..."
πŸ“Œ Adjacent topic to master
S1
πŸ‘‰ Publication frequency of major economic reports
πŸ’‘ The insight

The GEP's periodicity (twice a year) and the frequencies of other reports (annual, biannual) appear in the references and are directly relevant when identifying who issues what and when.

Questions may probe not just the publisher but also frequency (annual, biannual, biennial). Knowing typical release schedules (e.g., GEPβ€”twice a year; WEOβ€”twice a year; ADB's Asian Development Outlookβ€”annual) helps eliminate options and answer time-sensitive current-affairs prompts. Memorize frequencies alongside publishers and track recent report releases for practice.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Development Report > p. 526
πŸ”— Anchor: "Does the Asian Development Bank periodically publish the "Global Economic Prospe..."
πŸ“Œ Adjacent topic to master
S2
πŸ‘‰ Global Economic Prospects β€” publisher & periodicity
πŸ’‘ The insight

Directly relevant: the references identify who issues the 'Global Economic Prospects' and how often it is released.

High-yield for UPSC MCQs: memorising which multilateral institution issues specific flagship reports and their periodicity helps quickly eliminate distractors. Connects to study of World Bank publications and comparative institutional roles; revise by compiling a short table of report β†’ publisher β†’ frequency.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
πŸ”— Anchor: "Does the European Bank for Reconstruction and Development periodically publish t..."
πŸ“Œ Adjacent topic to master
S2
πŸ‘‰ Mandates of World Bank vs EBRD
πŸ’‘ The insight

The statement confuses the EBRD with the publisher of GEP; references describe EBRD's mandate and membership while another reference assigns GEP to the World Bank.

Frequent UPSC theme: distinguishing between international financial institutions' mandates and typical outputs. Useful for elimination in questions that ask which body publishes which report, and for essays/GS answers on institutional roles. Prepare by comparing mandate, region, and typical publications of each institution.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) > p. 534
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
πŸ”— Anchor: "Does the European Bank for Reconstruction and Development periodically publish t..."
πŸ“Œ Adjacent topic to master
S2
πŸ‘‰ Periodicity of flagship global economic reports (e.g., GEP, WEO)
πŸ’‘ The insight

References note the frequency of GEP and WEO, highlighting a pattern of biannual flagship economic outlooks by major institutions.

Memorising report frequencies is a common MCQ requirement and aids understanding of how often policy/research updates are released. Link this to current affairs tracking and institutional reporting cycles; make flashcards for quick recall.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
πŸ”— Anchor: "Does the European Bank for Reconstruction and Development periodically publish t..."
πŸ“Œ Adjacent topic to master
S3
πŸ‘‰ Global Economic Prospects (GEP): publisher & frequency
πŸ’‘ The insight

The statement concerns who publishes the GEP; reference [1] explicitly states the GEP is issued by the World Bank Group twice a year.

UPSC often asks which international institution issues specific flagship reports. Knowing the publisher and periodicity (World Bank β€” GEP, biannual) lets aspirants eliminate distractor options and answer institutional-report questions confidently. Learn by tabulating major reports and their issuers/frequencies.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
πŸ”— Anchor: "Does the US Federal Reserve Bank periodically publish the "Global Economic Prosp..."
πŸ“Œ Adjacent topic to master
S3
πŸ‘‰ Distinguishing World Bank vs IMF flagship reports
πŸ’‘ The insight

References show different flagship reports belong to different institutions (GEP β€” World Bank in [1]; World Economic Outlook and Global Financial Stability Report β€” IMF in [4],[5]).

Questions often test which report belongs to IMF vs World Bank. Mastering these pairings helps in MCQs and mains answers linking institution roles to policy analysis. Prepare by memorizing key reports and practicing quick recall under timed conditions.

πŸ“š Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Surveillance > p. 514
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
πŸ”— Anchor: "Does the US Federal Reserve Bank periodically publish the "Global Economic Prosp..."
πŸŒ‘ The Hidden Trap

The 'Global Financial Stability Report' (GFSR) is the logical sibling often confused with this. While GEP (World Bank) focuses on growth/development, GFSR (IMF) focuses on financial markets. Expect a swap in future options.

⚑ Elimination Cheat Code

Apply the 'Scope vs. Name' filter: A report titled 'Global' is rarely published by a regional bank like the Asian Development Bank (ADB) or EBRD (European), which typically publish 'Asian Development Outlook' or 'Transition Reports'. This eliminates Options A and B instantly. Between Fed (Central Bank) and World Bank (Development Body), 'Prospects' implies long-term development, which is the World Bank's mandate.

πŸ”— Mains Connection

Use the data from the 'Global Economic Prospects' report in your GS-3 Mains answers (Economic Growth) to substantiate arguments about 'global headwinds' or 'recessionary trends' affecting Indian exports.

βœ“ Thank you! We'll review this.

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