MPC meet: RBI to remain cautious at next policy meeting, says expert

In case of the real growth trajectory, the trend GDP after the Covid shock continues to remain flat.

The emergence of the new Covid-19 variant, Omicron, has again made the global growth prospects uncertain. In its latest economic outlook, the Paris-based Organisation for Economic Co-operation and Development (OECD) has lowered its global growth forecast for 2021 by cutting the outlook of top economies, including the US, China, and the Eurozone. According to the OECD, Omicron’s emergence has coincided with the global economic recovery losing some of its steam due to global supply chain disruptions, soaring consumer prices, and rising cases of Covid-19 in Europe. The OECD has asserted that monetary policymakers across the globe should be cautious and