Question map
Which one of the following issues the 'Global Economic Prospects' report periodically?
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] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
PROVENANCE & STUDY PATTERN
Full viewThis 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.
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?
- Statement 2: Does the European Bank for Reconstruction and Development periodically publish the "Global Economic Prospects" report as of 2015?
- Statement 3: Does the US Federal Reserve Bank periodically publish the "Global Economic Prospects" report as of 2015?
- Statement 4: Does the World Bank periodically publish the "Global Economic Prospects" report as of 2015?
- 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.
- 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.
Explicitly states the 'Global Economic Prospects' (GEP) report is issued by the World Bank Group twice a year.
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.
Provides a multipleβchoice question listing ADB and World Bank as candidate issuers of GEP, implying the question tests which institution publishes GEP.
A student could infer the intended correct answer is not ADB (given other evidence) and check official 2015 bibliographies for confirmation.
States that the Asian Development Bank publishes the 'Asian Development Outlook' annually β showing ADB uses a different, regionally named flagship economic report.
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.
Notes that the IMF publishes the 'World Economic Outlook', illustrating that major institutions each publish distinct, named global economic reports.
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.
Mentions 'World Development Report' is published by the World Bank annually, showing the World Bank regularly issues major reports on development and prospects.
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.
- 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.
- 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.
Explicitly states the 'Global Economic Prospects' (GEP) report is issued by the World Bank Group twice a year.
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 reportβone would expect the publisher to be the World Bank rather than EBRD.
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.
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.
Notes IMF publishes two periodic surveillance reports and implicitly supports the idea that specific reports are associated with specific institutions.
Combine with the GEPβWorld 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.
Summarises EBRD's mandate and role as a regional/multilateral development bank focused on private sector development.
Given EBRD's regional/development focus, a student might expect its flagship publications to target regional transition economies rather than a global 'GEP'βso they could check EBRD publication lists or compare mandates (World Bank vs EBRD).
States the World Development Report is published annually by IBRD/World Bank, reinforcing that the World Bank issues major recurring global reports.
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.
- 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.
- 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.
- 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.
Explicitly states the 'Global Economic Prospects' (GEP) is issued by the World Bank Group twice a year.
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.
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.
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).
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.
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.
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.
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.
Details that IMF publishes the 'World Economic Outlook' twice a year β another example that large multilateral institutions produce named global outlook reports.
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.
- 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.
- [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.
- [THE CONCEPTUAL TRIGGER]: International Economic Institutions. Specifically, the distinction between the 'Bretton Woods Twins' (IMF vs World Bank) and their flagship publications.
- [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.
- [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'.
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 β publisher) and revise it using past MCQs.
- 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
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., GEPβtwice a year; WEOβtwice a year; ADB's Asian Development Outlookβannual) helps eliminate options and answer time-sensitive current-affairs prompts. Memorize frequencies alongside publishers and track recent report releases for practice.
- 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
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.
- Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
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.
- 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
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.
- 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
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.
- Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
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.
- 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
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.
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.
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.