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The Covid-19 pandemic notified by the WHO in January 2020 was the first challenge of the third decade that hit global growth. Two years later, as the global economy was recovering from the pandemic-induced output contraction, the Russia-Ukraine conflict broke out in February 2022, triggering a swing in commodity prices and, thus, accelerating existing inflationary pressures. This posed the second challenge. Soon after, the third challenge emerged when nations undertook monetary tightening to rein in inflation causing growth to weaken. Monetary tightening also drove capital flows to safe-haven US markets, contributed to rising sovereign bond yields, and depreciation of most currencies against the US dollar. The consequent increase in borrowing costs also stressed high levels of public and private debt, threatening the financial system.
Which State of India is located in the north of tropic of Cancer?
Dargah of which following Sufi Saint is not located in India?
What was the total GST collection in the 2023-24 financial year in India?
What is the name of the Apple's virtual assistant?
Who was the first woman to win the Nobel Prize in two different fields?
Chitrakoot district is situated in which of the following state ?
In which of the following states is 'Me-Dam-Me-Phi' the festival of ancestor worship celebrated?
Which of the following festivals in Punjab is celebrated to commemorate the formation of the Khalsa Panth?
Which type of banks are allowed to participate in government related business?
Which company was awarded the 'Golden Peacock Environment Management Award 2023' in the Power Transmission Sector?