The International Monetary Fund (IMF) projected Pakistan’s GDP growth rate at 1.5% for FY21, against the -0.4% in FY20.
The IMF launched its “World Economic Outlook (WEO), Managing Divergent Recoveries” in which it discussed the various events across the globe.
The IMF said for Pakistan that there will be a slight rise in unemployment to 5% in FY21 to 4.5% in FY20. Inflation is expected to decline 10.7% to 8.7% to 8% in FY22. The current account balance was projected at -1.5% of the GDP for FY21 against -1.1% in FY20 and -1.8% FY22.
Quarterly Review Video.
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