Tag Archives: IMF lowers country’s growth forecast to 1pc

ISLAMABAD: The International Monetary Fund (IMF) on Wednesday lowered Pakistan’s growth forecast by half to one per cent for the next fiscal year as the global economy appears to have suffered greater setbacks following the Covid-19 pandemic and shows slower signs of recovery than previously anticipated. On April 14, the IMF had estimated Pakistan’s GDP going negative 1.5pc in the fiscal year …

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