IMF forecasts Pakistan growth rate at 1.5% for current fiscal year

The international regulatory body had projected a positive GDP growth rate of 1.9% for Pakistan in the last fiscal year.


  • IMF has projected Pakistan’s GDP growth rate at 1.5% for the current fiscal year 2020-21 as compared to the previous fiscal year.
  • Nevertheless, the government has envisioned a GDP growth rate target of 2.1% for the current fiscal 2020-21.

World Economic Outlook, October 2020: A Long and Difficult Ascent

The IMF (International Monetary Fund) has projected Pakistan’s GDP growth rate at 1.5% for the current fiscal year 2020-21 as compared to -0.4% for the previous fiscal year 2019-20.

Pakistan Economy: History and Required Reforms - Global Village Space

Nevertheless, the incumbent government has envisioned a GDP growth rate target of 2.1% for the fiscal year 2020-21.

The government’s projection is due to its expectation that the recovery of economic activities will help attain the growth trajectory in the aftermath of overcoming the COVID-19 pandemic.

The international regulatory body had projected a positive GDP growth rate of 1.9% for Pakistan in the last fiscal year.

However, after the coronavirus pandemic outbreak, the GDP growth had fallen and stood at -0.4% for the fiscal year that ended on June the 30th, 2020.

Revamping Pakistan's economy in 2020

According to the Economic Outlook for 2021 update disclosed by the IMF, Pakistan’s GDP growth forecast is projected at 1.5% for the current fiscal year as the difference from October’s last projection was 0.5%.

The IMF had projected the GDP growth rate at 1% but has now revised it upward to 1.5% for the current fiscal year. 

The IMF has projected that Pakistan’s growth rate will be 4% of GDP in the next fiscal year 2021-22.

World economy: World economy haunted by risk just got a double shot in the arm - The Economic TimesThe IMF’s World Economic Outlook for 2021 shows that the global economy is projected to grow at 5.5%.

It also showed that the emerging economies stood at 8.3% and the African continent at 3.2%. 

India is projected to grow at 11.5%, China at 8.1%, Malaysia at 7%, Turkey at 6%, France at 5.5%, the United States at 5.1%, Mexico at 4.3%, and Nigeria at 1.5%.

What are your views on this? Share with us in the comments below.

  • This laanti government is keeping Pakistan in the dark. We have a 2number Erdogan here who wants to be Erdogan while in reality he is a 2number copy.


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