Observer Report Islamabad
The International Monetary Fund (IMF) has forecast a four percent Gross Domestic Product (GDP) growth for Pakistan in 2022.
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.
