The IMF projected Pakistan’s real GDP growth for FY22 at 4%. The IMF said that inflation is expected to pick up this year and will ease off later in the year.
The IMF said this in its Staff Report prepared for the Executive Board’s consideration on 2nd February 2022 saying it is consistent with the forecasts, given the pandemic and vaccinations, global recovery, and commodity prices in the WEO baseline. IMF further said that if policies sustain and reform is implemented, a 5% growth can be expected going forward. Inflation is expected to average 9.4% due to due to trade shock, energy price adjustments and GST reforms, but will remain in the SBP range of 9%-11% after which it is expected to fall to 6.5%.
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