IMF Reports Lower Growth Forecast Of Pakistan
The International Monetary Fund (IMF) has reported a lower growth forecast by half to one percent for the next fiscal year. The global economy is suffering because of the coronavirus pandemic. The signs of recovery around the world very slow. Previously, IMF  estimated Pakistan’s GDP going negative 1.5pc in the fiscal year 2019-20 and a […] The post IMF Reports Lower Growth Forecast Of Pakistan appeared first on Nation Bytes.
The International Monetary Fund (IMF) has reported a lower growth forecast by half to one percent for the next fiscal year. The global economy is suffering because of the coronavirus pandemic. The signs of recovery around the world very slow.
Previously, IMF estimated Pakistan’s GDP going negative 1.5pc in the fiscal year 2019-20 and a 2pc growth rate for FY2020-21 in its flagship World Economic Outlook (WEO).
The fund has now done a revision and the forecast has been updated to -0.4pc for the current fiscal in line along with the government’s estimate.
The post IMF Reports Lower Growth Forecast Of Pakistan appeared first on Nation Bytes.
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