Results for “Pakistan's GDP” (3)

3 years ago

"Climate change may cut Pakistan's GDP by 18pc to 20pc": World Bank

According to a report recently published by the World Bank, Pakistan’s annual economic output could see a cut of 18 percent to 20pc by 2050 due to climate change risks. "The combined risks from the intensification of climate change and environmental degradation, unless addressed, will further aggravate Pakistan's economic fragility; and could ultimately reduce annual GDP by 18pc to 20pc per year by 2050, based on the optimistic and pessimistic scenarios," it said. Read More…

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Sanniah Hassan Posted in Uncategorized

4 years ago

IMF forecasts 4% growth for Pakistan in FY 2021-22

The International Monetary Fund (IMF) forecasted Pakistan's GDP growth rate to remain steady at 4% in the fiscal year 2021-22. The IMF has warned in its report "World Economic Outlook October 2021" that significant inequalities in COVID-19 vaccination access and policy assistance in many developing countries might block their economic recovery. In September, the Asian Development Bank expected Pakistan's GDP to reach 4% in the fiscal year 2021-22 (FY22), as economic activity gradually returned in the second year of the COVID-19 outbreak. Read More…

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Sanniah Hassan Posted in Uncategorized

4 years ago

World Bank reduces Pakistan’s GDP growth prospects

The World Bank (WB) has reduced Pakistan's GDP growth forecast for the current fiscal year to 3.4 percent as the government refocuses on reducing external pressures and addressing long-standing fiscal concerns. The World Bank released its twice-yearly study, South Asia Economic Focus Shifting Gears: Digitization and Services-Led Development, ahead of the Bank's and the International Monetary Fund's annual meetings (IMF). Read More…

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