Posted 4/4/2024, 4:25:32 PM
Pakistan Economy Forecast to Rebound After Floods and Unrest, Though Risks Remain
- UN survey projects Pakistan's economic growth accelerating to 2% in 2024 and 2.3% in 2025, up from 1.8% in 2023
- Inflation is projected to ease from 26% in 2024 to 12.2% in 2025
- Political unrest and massive flooding disrupted growth in 2023
- IMF agreement and aid from China, Saudi Arabia, UAE helped regain macroeconomic stability in 2023
- Survey recommends stronger public revenue collection, more developed capital markets to finance investments needed for development
