The World Bank has projected Pakistan’s economic growth to be 3.4 percent this year
Islamabad … News Time
Pakistan’s economic growth rate is expected to be 3.4% this year, next year’s economic growth could reach 4%, and the World Bank has predicted Pakistan’s economic growth this year. According to the details, the World Bank has projected Pakistan’s economic growth rate to be 3.4 percent this year and predicts that next year’s economic growth could reach 4 percent. The report on economic prospects said that Pakistan had a remarkable economic recovery in the last financial year, mainly due to the reduction in the policy rate. According to the World Bank, last fiscal year, Pakistan’s economic growth rate was minus 0.5 percent.
According to the World Bank, the deteriorating security situation in Afghanistan is a major threat to the region. 98% of Afghanistan’s population is malnourished. The World Bank has released a global economic report stating that high inflation in Pakistan has offset the impact of government funding, with trade deficits due to rising domestic demand for goods. Inflation exceeds central bank targets in South Asian countries, according to a World Bank report, the number of people earning less than 1. 1.90 a day is expected to rise. Further reduction in securities exchange rate is expected.
According to the World Bank, the coronavirus is also a threat to the region’s economic growth. New restrictions are likely to be imposed to stem the spread of the virus, with 40 per cent of South Asia’s population fully vaccinated and 17 per cent partially vaccinated. According to the World Bank’s Global Economic Report, global growth was 5.5 percent last year and is expected to be 3.2 percent next year. According to the report, the growth rate of developing economies will be 3.8 percent this year, up from 5 percent last year. Modern economies are expected to grow at 2.3 percent this year, but are expected to recover fully next year is expected.
