{"id":33177,"date":"2024-04-16T22:54:51","date_gmt":"2024-04-16T17:54:51","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=33177"},"modified":"2024-04-16T22:54:51","modified_gmt":"2024-04-16T17:54:51","slug":"imf-predicts-pakistans-economy-to-grow-by-3-5-in-fy25","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/imf-predicts-pakistans-economy-to-grow-by-3-5-in-fy25\/","title":{"rendered":"IMF predicts Pakistan\u2019s economy to grow by 3.5% in FY25"},"content":{"rendered":"<p>ISLAMABAD: The International Monetary Fund (IMF) has forecast\u00a0GDP (Gross domestic product)\u00a0growth for Pakistan at 2 percent for the current fiscal year 2024, compared to -0.2 percent in fiscal 2023, and inflation at 29.2 percent. 24.8 and predicted a drop in unemployment from 8.5 percent to 8 percent.<\/p>\n<p>The Fund, in its latest report, &#8216;World Economic Outlook (WEO): Steady but Slow: Resilience amid Divergence&#8217;, released on Tuesday, said that Pakistan&#8217;s GDP growth in fiscal year 2025 is likely to remain at 3.5 percent.<\/p>\n<p>The fund revised the inflation rate estimate to 24.8 percent for the current fiscal year and 12.7 percent in fiscal year 2025 from 29.2 percent in fiscal year 2023.<\/p>\n<p><em><strong>Read More:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/pakistan-starts-negotiating-imf-for-new-multi-billion-dollar-loan-program-finance-minister\/\">Pakistan starts negotiating with IMF for new multi-billion-dollar loan program: Finance Minister<\/a><\/strong><\/em><\/p>\n<p>Unemployment in the country is expected to decrease to 8 percent in 2024, from 8.5 percent in 2023 to 7.5 percent in 2025.<\/p>\n<p>The current account balance is projected to be negative 1.1 percent for 2043 and negative 1.2 percent for 2025, compared to negative 0.7 percent in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The International Monetary Fund (IMF) has forecast\u00a0GDP (Gross domestic product)\u00a0growth for Pakistan at 2 percent for the current fiscal year 2024, compared to -0.2 percent in fiscal 2023, and inflation at 29.2 percent. 24.8 and predicted a drop in unemployment from 8.5 percent to 8 percent. The Fund, in its latest report, &#8216;World Economic [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":19308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,13446],"tags":[1247,4800,160,138,15173],"class_list":["post-33177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","tag-international-monetary-fund","tag-pakistans-economy","tag-imf","tag-pakistan","tag-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/33177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=33177"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/33177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/19308"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=33177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=33177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=33177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}