World Bank Projects 5.4% Growth rate for Pakistan, FY-2014

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SOUTH ASIA

Growth in South Asia rose to an estimated 5.5 percent in 2014 from a 10-year low of 4.9 percent in 2013. The upturn was driven by India, the region’s largest economy, which emerged from two years of modest growth. Regional growth is projected to rise to 6.8 percent by 2017, as reforms ease supply constraints in India, political tensions subside in Pakistan, remittances remain robust in Bangladesh and Nepal, and demand for the region’s exports firms. Past adjustments have reduced vulnerability to financial market volatility. Risks are mainly domestic and of a political nature. Sustaining the pace of reform and maintaining political stability are key to maintaining the recent growth momentum.

Projected Growth rate for Pakistan

Calendar year = 5%
Financial year = 5.4%

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South Asia

 

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More Points about Pakistan from the Report


Growth in Pakistan,the region’s second largest economy, accelerated to 5.4 percent in FY2013-14 from 4.4 percent the previous year, reflecting a lull in political turmoil and increased macroeconomic stability under an IMF support program. However, a spike in political unrest in the second half of 2014 has taken a toll on confidence and activity.

With inflation falling to an 11-year low in Pakistan, the central bank lowered its benchmark rate in November.

 

[Donatello]

Check Afghanistan's growth rate pre 2013....beat everyone.

 

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Check Afghanistan's growth rate pre 2013....beat everyone.

In the last decade,Afghanistan had almost double digit growth rate

 

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