FeaturedNewsPakistan

IMF projects Pakistan’s real GDP to grow by four per cent in current fiscal year

ISLAMABAD: International Monetary Fund has projected Pakistan’s real Gross Domestic Product (GDP) to grow by four per cent in the current fiscal year.

In its report of “World Economic Outlook October 2021”, the IMF also endorsed Pakistan’s provisional figures of GDP growth rate of 3.9 per cent during the previous fiscal year.

According to the report, the unemployment rate in Pakistan will also decline from the current five per cent to 4.8 per cent in the current fiscal year.

The report projected that the country’s inflation rate would ease from last year’s 8.9 per cent to 8.5 per cent by end of the current fiscal year.

Leave a Reply

Your email address will not be published.

Back to top button