The World Economic Outlook Report has been released by the International Monetary Fund (IMF). According to the IMF’s World Economic Outlook, Pakistan’s economic growth, inflation, and current account deficit targets will not be met this year.
According to the report, economic growth is expected to be 4% this year, up from 4.8 percent this year and 4.2 percent next year. In the previous fiscal year, GDP increased by 5.6 percent.
According to the report, inflation in Pakistan is expected to remain in the double digits of 11.2 percent this year, despite the government’s annual target of 8 percent.
Furthermore, the current account deficit will exceed 5.3 percent of GDP, exceeding the target of 0.7 percent. The current account deficit, on the other hand, is expected to be around $19 billion.