Fitch reported that it expects Pakistan‘s growth at 4.2% for FY22, which was 3.9% for FY21.
Fitch reported, “We note that improving vaccination rates will buoy private consumption growth while supportive monetary and fiscal conditions will serve as tailwinds for gross fixed capital formation. Net exports will contribute negatively to headline growth as import growth is set to outpace export growth”.
Fitch continued, “the risk to the growth outlook is weighted to the downside”. They did caution that the (new) COVID delta variant spread and activities by extremist groups can cause issues, with the specific reference to the latter which can affect infrastructure.
Leave a Reply