Pakistan Economic Outlook
January 23, 2018Improved security conditions, strong credit growth and soaring investment are shoring up economic activity in FY 2018, which ends on 30 June 2018. Moreover, agricultural output is recovering due to a return to more normal monsoon rains. That said, buoying domestic activity is propelling import growth, causing the current account deficit to deteriorate sharply. As a result, international reserves have been declining in recent months and, in November, they hit their lowest level in over two years. Low reserves and the government’s large fiscal deficit represent a serious threat to Pakistan’s financial stability.
Pakistan Economic GrowthThis year, the economy will continue to benefit from bold investment, mostly related to the China–Pakistan Economic Corridor. While private consumption will remain robust, it will decelerate as higher inflation is eroding households’ purchasing power. FocusEconomics panelists expect GDP to grow 5.0% in FY 2018, unchanged from last month’s estimate, and 5.1% in FY 2019.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
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|Bond Yield||8.80||0.0 %||Feb 19|
|Exchange Rate||110.8||-0.05 %||Feb 19|
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