Pakistan Economic Outlook
July 17, 2018Economic growth remains robust ahead of the crucial 25 July general election. According to preliminary estimates, economic output accelerated in FY 2018, which ended in June 2018, due to a recovery in the agricultural sector, healthy manufacturing and solid investments related to the China-Pakistan Economic Corridor (CPEC). While recent polls suggest that the incumbent Pakistan Muslim League-Nawaz (PML-N) will win the election, they also show that the PML-N will need support from other parties to form a stable government. The re-election of the PML-N would represent good news for the economy, given its pro-business stance. Moreover, the party hinted at the possibility of Pakistan joining a new IMF program.
Pakistan Economic GrowthGrowth will likely slow this year due to spiraling inflation and heightened external risks. Moreover, large macroeconomic imbalances will continue to weigh on potential growth. Panelists expect growth of 4.8% in FY 2019, unchanged from last month’s estimate, and 4.9% in FY 2020.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
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|Bond Yield||9.40||0.0 %||Jul 17|
|Exchange Rate||127.9||-0.05 %||Jul 17|
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