In contrast to projections by the World Bank, the International Monetary Fund (IMF) has presented a more optimistic perspective on Pakistan’s economy in its recently released World Economic Outlook Report for 2024.
The report predicts a notable enhancement in crucial economic indicators such as inflation, unemployment, and overall economic growth.
According to the IMF, Pakistan’s economic growth is anticipated to surge to 3.5 percent next year, marking a positive shift from the projected 2 percent growth rate for the current year.
Furthermore, the report foresees a significant decrease in both inflation and unemployment rates. Inflation is expected to decline to 24.8 percent this year and further plummet to 12.7 percent next year.
Similarly, unemployment rates are predicted to decrease from an estimated 8 percent this year to 7.5 percent next year.
These encouraging forecasts by the IMF indicate a favorable momentum for Pakistan’s economy, hinting at potential improvements in the nation’s financial landscape in the upcoming years.
