Pakistan Economic Outlook
November 14, 2017Amid the changing political calculus, the economy remains poised for an upbeat performance this fiscal year. Exports grew at a six-year high in the first three months of FY 2018 (through September), although the relatively overvalued rupee almost certainly hindered even stronger growth. Furthermore, imports in the same period soared on improved economic activity and consumption dynamics, which in turn benefitted from the rapid growth of private sector lending. That said, remittances from abroad have recorded slow growth thus far this fiscal year, and the current account deficit more than doubled in the July–September period from a year earlier.
Pakistan Economic GrowthA robust recovery of the agricultural sector and the ongoing expansion of the industrial sector are expected to underpin economic growth this fiscal year and next. Moreover, CPEC-related investment is expected to support regional trade in the years to come. Clouding the outlook is political uncertainty, which could worsen in the run-up to next year’s elections. Our analysts expect GDP to grow 5.0% in FY 2018, which is unchanged from last month’s forecast, and 5.2% in FY 2019.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.93||0.0 %||Dec 06|
|Exchange Rate||105.4||-0.05 %||Dec 06|
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