The World Bank trimmed Pakistan’s growth projection for FY22, from 3.5% to 3.4%. At the same time, inflation for the new fiscal year was expected to rise, with a rise in energy rates and higher international oil prices.
This trimming came in the World Bank report, āThe latest South Asia Economic Focus titled Shifting Gears: Digitization and Services-Led Developmentā. Growth is expected to be dulled by inflation and energy costs, however, private consumption and investment have pushed growth and recovery, substantially, against strong domestic demand.
Leave a Reply