The World Bank has cut Pak economic growth forecast (Report: South Asia Economic Focus Fall 2019) for the next two years & also projected that govt would miss inflation, debt and fiscal deficit reduction targets. See comparison between 2013-18 &19.
@HummaSaif
@betterpakistan
@HummaSaif
@betterpakistan
Coming to revised GDP growth the world bank has further downgraded Pakistan's rating and now we are revolving around the shameful figure of 2.4. The inflation on the other hand is highest in the region. Prices of food items only are doubled in just 1 year.
Coming to interest rates. We are offering 13.5%. Which is highest in the region and a clear sign that economy is not going in right direction.
Pakistan's industrial growth is on a disastrous path. Just in 1 year the growth has fallen from +7 to -3. We are the only country in South Asia with this negative trend in Industrial growth.
