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IMF forecasts 1pc growth, rising unemployment


October 14, 2020

ISLAMABAD: The International Monetary Fund (IMF) on Tuesday forecast a subdued economic growth rate for Pakistan coupled with elevated rate of inflation and rising unemployment during the current fiscal year. In its World Economic Outlook (WEO) 2020, the IMF projected Pakistan’s growth rate at one per cent, average inflation rate at 8.8pc, current account deficit at 2.5pc of GDP (gross domestic …

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