Look at what they are saying for the next year. When the monetary tightness takes place, the growth would be moderated. Whatever growth that came, came at the back of a historic stimulus package that rolled out freebies to the industrial sector right and left. Now when inflation is rearing its ugly head, some of these freebies are being withdrawn and you are already beginning to hear cries of rent-seekers (special power tariffs).
As for exports, FYI, the quantum of exports is dwindling. We are playing on the prices. As you just said, when global demand is subdued once the central banks around the world put the breaks on to fight inflation, the price of our merchandise (which we are exporting) would also reduce. That reduction coupled with dwindling export volumes (volume of the exports in physical terms, not monetary terms), would begin slashing down the export figures in USD as well. The alarming reduction in export quantum was reported by express tribune at the end of 2021.
