ADB keeps Pakistan growth forecast at 3.7pc
The Asian Development Bank (ADB) has maintained Pakistan’s economic growth forecast at 3.7% for fiscal year 2027. The forecast remains below the government’s 4% budget target. The bank also expects inflation to reach 8.3%, above the official 7% estimate. Read More: ADB cuts Pakistan FY2027 growth forecast The ADB retained its July growth forecast in […]
The Asian Development Bank has maintained its forecast for Pakistan's economic growth at 3.7% for the current fiscal year. This is below the government's target of 4%.
The bank also expects inflation to reach 8.3%, which is higher than the official estimate of 7%. According to Dawn, the inflation forecast is above the central bank's medium-term target range of 5-7%.
The economic outlook is subject to significant downside risks, including an escalation of the Middle East conflict and the reintroduction of austerity measures by the Pakistan government.
Brief written by urgent.news from Daily Times, Dawn — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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