QUETTA: Heavy rains, thunderstorms, and hailstones continued to lash various districts of Balochistan, including its capital, on Saturday
Pakistan growth rate at 1.5% for current fiscal year, IMF predicts
ISLAMABAD: Pakistan’s GDP growth forecast is projected at 1.5% for the current fiscal year as the difference from October's last projection was 0.5%, according to the Economic Outlook for 2021 update released by the IMF.
The IMF had projected GDP growth rate at 1% but has now revised it upward to 1.5% for the current fiscal year.
The IMF has projected that Pakistan’s growth rate will be 4% of GDP in the next fiscal year 2021-22.
The IMF’s World Economic Outlook for 2021 highlights that the global economy is projected to grow at 5.5%.
It also showed that the emerging economies stood at 8.3% and Africa at 3.2%.
India is projected to grow at 11.5 percent, China 8.1%, Malaysia 7%, Turkey 6%, France 5.5%, the USA 5.1%, Mexico 4.3%, and Nigeria 1.5%.
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