Pakistan’s economy is expected to grow by 3.2% this fiscal year, according to the International Monetary Fund’s (IMF) prediction.
Despite falling short of the government’s budget goal, this estimate is greater than the 2.8% growth rate predicted by the Asian Development Bank and the World Bank.
The IMF projects inflation to be a single-digit rate of 9.5% to go along with this growth, which is a substantial drop from the rate of 23.4% the year before.
At about 1% of GDP, the current account deficit is expected to be constant.
Although the IMF noted persistent global economic issues in its recently published World Economic Outlook, including as regional conflicts and a downturn in China, it is nonetheless hopeful about Pakistan’s steady progress in growth.
