New York: The International Monetary Fund (IMF) has released its World Economic Outlook Report 2024 predicting an improvement in Pakistan’s economy.
According to international media reports, the IMF’s World Economic Outlook Report states that there is progress in Pakistan’s economy. The report anticipates that Pakistan’s economic growth rate will reach 2% this year and is expected to rise to 3.5% next year.
Furthermore, the report indicates that inflation which stood at 24.8% compared to the target of 21% last year is expected to decrease significantly to 12.1% in the next fiscal year. Unemployment is forecasted to be 8% this year and 7.5% next year.
Previously, IMF Managing Director, Christalina Georgieva had also addressed the Atlantic Council stating that Pakistan’s economy is showing signs of improved performance.
