IMF forecasts 1.5pc economic growth rate for Pakistan in 2021

By: News Desk      Published: 01:45 AM, 7 Apr, 2021
IMF forecasts 1.5pc economic growth rate for Pakistan in 2021
–File photo

Pakistan’s economic growth rate will stay at 1.5 percent in 2021, says the World Economic Outlook Report released by the International Monetary Fund (IMF) on Tuesday. 

Pakistan’s economic growth rate in 2020 stood at -4 percent. According to the IMF report, the rate of inflation in Pakistan will stand at 8.7 percent this year, while it stood at 10.7 percent last year. The current account deficit will stand at -4 percent this year. Also, the IMF report says, unemployment rate this year will stand at 5 percent, while it stood at 4.5 percent last year. 

Reporter: Waqas Azeem