Fiscal Balance in Pakistan
Pakistan - Fiscal BalanceForward-looking estimates for FY 2020 (July 2019 to June 2020) showed the economy slowed significantly, as the coronavirus outbreak weigh heavily on activity. Economic growth is set to fall to a multi-decade low as private consumption shrinks considerably amid widespread containment measures from March onwards. Recent data corroborates the overall estimate, with exports halving in April amid slackening demand for Pakistani products, while markedly lower imports point to reduced domestic demand. However, remittances held up well in the same month, despite difficulties in major economies around the world. In other news, Moody’s placed its B3 rating under review for downgrade due to growing concerns about the serviceability of Pakistan’s private-sector debt obligations amid severe economic and financial shocks.
Pakistan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.3||-4.6||-5.8||-6.6||-8.9|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Fiscal Balance Chart
|Bond Yield||11.00||0.0 %||Jan 01|
|Exchange Rate||154.9||-0.05 %||Jan 01|
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