Pakistan’s growth during FY27 projected at 3.5pc, inflation at 9.9pc: IMF
ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s economic growth at 3.5 per cent during the current fiscal year and inflation to remain close to double digits for another year, notwithstanding global growth rebounding to 3.4pc. In its flagship World Economic Outlook, released at the launch of the World Bank-IMF annual meetings in Bangkok, the fund estimated Pakistan’s…
The International Monetary Fund (IMF) has projected Pakistan's economic growth for the current fiscal year (FY27) at 3.5%, with inflation expected to remain at around 9.9%. This projection is lower than the government's 4% target for the year and the World Bank's 3.8% forecast. The IMF also estimates Pakistan's current account deficit to widen to 1% of GDP from a surplus of 0.5% in FY2025.
Despite the challenges, the IMF attributes global economic resilience to the technology upturn and buffers that helped mitigate the impact of geopolitical disruptions. However, the IMF warns that energy-importing economies like Pakistan, which have limited links to the technology value chain, face a more difficult outlook.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
