IMF forecasts 4pc GDP growth for Pakistan in 2022

[Norwegian]

IMF forecasts 4pc GDP growth for Pakistan in 2022
Web Desk On Apr 6, 2021
ISLAMABAD: The International Monetary Fund (IMF) has forecast a four percent Gross Domestic Product (GDP) growth for Pakistan in 2022, ARY NEWS reported.
In its World Economic Outlook report – released at the start of the IMF’s and World Bank’s spring meetings- the international body shared that the GDP growth for Pakistan remained at negative (-)0.4 percent during 2020.
It said that the GDP growth would remain at 1.5 percent during the ongoing fiscal year and would witness an upward trend to touch the four percent mark in 2022.
The monetary body said that the rate of inflation remained at 10.7 percent in the country during 2020, and would witness a decline in 2021 to 8.7 percent and a further downward trend to 8 percent in 2022.

Further commenting on the unemployment ratio in the country, the IMF report highlighted that joblessness would remain around five percent in the country this fiscal year and would follow a declining trend in 2022 to remain at 4.8 percent.
The Fund’s report further highlighted that the positive trend in the current account would continue and predicted that the current account balance would remain at 1.5 percent of the GDP.

https://twitter.com/x/status/1379422522060505090

IMF forecasts 4pc GDP growth for Pakistan in 2022

The forecast is part of the World Economic Outlook report released by the International Monetary Fund (IMF).

arynews.tv

 

[Shahzaz ud din]

Pakistan on its way to achieving 4 percent GDP growth: Finance Minister.]

https://twitter.com/x/status/1379470175943155718

 

[KaiserX]

4% is laughable... it should be double that 8%

 

[Norwegian]

4% is laughable... it should be double that 8%

 

[Mrc]

Imf estimates for this year was 0.5 to 1.5. According to state Bank growth in first 8 months is 3 percent and may end year with 3.5 to 4 percent growth...

Next year hopefully will also defy predictions

 

[KurtisBrian]

IMF forecasts 4pc GDP growth for Pakistan in 2022
Web Desk On Apr 6, 2021
ISLAMABAD: The International Monetary Fund (IMF) has forecast a four percent Gross Domestic Product (GDP) growth for Pakistan in 2022, ARY NEWS reported.
In its World Economic Outlook report – released at the start of the IMF’s and World Bank’s spring meetings- the international body shared that the GDP growth for Pakistan remained at negative (-)0.4 percent during 2020.
It said that the GDP growth would remain at 1.5 percent during the ongoing fiscal year and would witness an upward trend to touch the four percent mark in 2022.
The monetary body said that the rate of inflation remained at 10.7 percent in the country during 2020, and would witness a decline in 2021 to 8.7 percent and a further downward trend to 8 percent in 2022.

Further commenting on the unemployment ratio in the country, the IMF report highlighted that joblessness would remain around five percent in the country this fiscal year and would follow a declining trend in 2022 to remain at 4.8 percent.
The Fund’s report further highlighted that the positive trend in the current account would continue and predicted that the current account balance would remain at 1.5 percent of the GDP.

https://twitter.com/x/status/1379422522060505090

IMF forecasts 4pc GDP growth for Pakistan in 2022

The forecast is part of the World Economic Outlook report released by the International Monetary Fund (IMF).

arynews.tv

economic contraction. Lots and lots of us in that boat. Not too many reasons to work and create when people in certain lands/places, can just do a couple little something somethings and take everything.

 

[jamal18]

4% is laughable... it should be double that 8%

Shows how low we have sunk to think 4% is an acheivement. I suppose we should be happy that it is positive and not negative.

 

[Norwegian]

Shows how low we have sunk to think 4% is an acheivement. I suppose we should be happy that it is positive and not negative.

Be happy this 4 percent growth is sustainable and not artificial as it happened in the past

 

[hussain0216]

Shows how low we have sunk to think 4% is an acheivement. I suppose we should be happy that it is positive and not negative.

This is sustainable growth built upon effort not pie in the sky bullshit as before

We should be thankful we are heading in the right direction

 

[Deltadart]

The political and economic instabilities feed off of each other in any country . In the case of pakistan, no government has ever truly paid full and deserving attention to fixing up the economy. They were too busy looting and plundering the nation with both hands. Besides, Our paradigm has always been around security and not economy, and unfortunately, we ended up with not much of either. Those who were behind us in economic and social development have not only caught up, but left us far behind. Those who run this corrupt and a moral ruling system are not about to change their old ways, short of total economic collapse. God forbid!

 

[Bilal Khan (Quwa)]

The political and economic instabilities feed off of each other in any country . In the case of pakistan, no government has ever truly paid full and deserving attention to fixing up the economy. They were too busy looting and plundering the nation with both hands. Besides, Our paradigm has always been around security and not economy, and unfortunately, we ended up with not much of either. Those who were behind us in economic and social development have not only caught up, but left us far behind. Those who run this corrupt and a moral ruling system are not about to change their old ways short of total economic collapse. God forbid!

In hindsight, the "security" paradigm is starting to seem less about 'national security' and, rather, the security of keeping status-quo powers in-tact.

If we had a true 'national security'-centric model, then we would have shaped our economic policies in a way where defence spending becomes tenable. E.g., invest in setting-up feeder industries (so as to boost exports, indigenize critical defence technologies, etc), incentivize private sector investment in defence production, etc. Likewise, our political and legal systems would've filtered out the likes of PPP, PML, MQM, etc, and nipped TTP et. al in the bud.

Sadly, under the guise of national security, we as a society let a lot of stuff slide, and the results are before us.

 

[Deltadart]

In hindsight, the "security" paradigm is starting to seem less about 'national security' and, rather, the security of keeping status-quo powers in-tact.

If we had a true 'national security'-centric model, then we would have shaped our economic policies in a way where defence spending becomes tenable. E.g., invest in setting-up feeder industries (so as to boost exports, indigenize critical defence technologies, etc), incentivize private sector investment in defence production, etc.

Though they don't say it explicitly, national security likely played a big part in shaping Japanese, Taiwanese, South Korean or even Chinese economic policies.

You made good points. Unfortunately, our military rulers, made tall claims about restoring democracy to this country, but always ended up leaving the reigns of power in the hands of the worst kind of scoundrels known to history.....That's our 70+ years history, summed up in one sentence. Sad!

 

[Crimson Blue]

Hey .. according this estimate, debt to GDP ratio would be less than 70% in 2025 .

Really ????

If that's true then it explains the low estimated growth rate of economy over next five years. Government resources would be used to pay back loans and new loans would be discouraged, even for projects which are needed to expand economy.

It also means that any growth in excess of these estimated has to come from private sector.