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
Guest previewThis 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 multiple‑choice 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 — 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.
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This statement analysis shows book citations, web sources and indirect clues. The first statement (S1) is open for preview.
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This statement analysis shows book citations, web sources and indirect clues. The first statement (S1) is open for preview.
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