IMF Forecasts Pakistan’s Growth Rate at 4%
Pakistan's GDP growth rate is expected to be 4% in 2022, up from 5.6 percent in 2021, while inflation is expected to jump from 8.9% in 2021 to 11.2 percent in 2022, according to the International Monetary Fund (IMF).
In its newest report, "World Economic Outlook (WEO), War pushes back global recovery," the IMF forecasts GDP growth of 4% in 2022, down from 5.6 percent in 2021, and 4.2 percent in 2023.
Inflation is expected to rise from 8.9% in 2021 to 11.2 percent in 2022, before falling to 10.5 percent in 2023, according to the Fund.
Consumer prices are expected to rise by 12.7 percent in 2022 and 8.2 percent in 2023, according to the research, which is elaborated as (monthly year-over-year changes and, for certain countries, quarterly).
In 2022, the current account balance is expected to be -5.3 percent of GDP, up from -0.6 percent in 2021 and -4.1 percent in 2023.
Unemployment is expected to be 7% in 2022, down from 7.4% in 2021, and 6.7 percent in 2023, according to the IMF.
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