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Sticky Note
Main purpose/reason for GDP reduction from 2020 to 2022 was?
  1. Increase in exports
  2. Global economic slowdown due to COVID-19 pandemic
  3. Rise in tourism
  4. Increase in foreign investment
Explanation
  • The primary reason for the global GDP reduction from 2020 to 2022 was the COVID-19 pandemic
  • A drop in GDP growth to 0.3% in 2022-23
  • World GDP fell by approximately 3.4% in 2020.

Last updated question NS on 09 MAY 2026

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