Pakistan’s economic growth is projected to reach 3% in the current fiscal year, according to the International Monetary Fund (IMF).
In its World Economic Outlook report, the IMF presented mixed economic projections for the ongoing and upcoming fiscal years. It estimated Pakistan’s growth rate at 3%, falling short of the government’s target of 3.6%. However, the IMF forecasted an improvement to 4% for the next fiscal year.
The report also outlined growth expectations for other major economies. India is projected to maintain a strong growth rate of 6.5% for both the current and next fiscal years, reflecting its economic resilience despite global uncertainties.
The United States is expected to see a growth rate of 2.7% this fiscal year, slowing to 2.1% in the following year. China’s economy is forecasted to grow by 4.6% this year, with a slight dip to 4.5% next year. Meanwhile, the United Kingdom is anticipated to achieve a growth rate of 1.6% this year, dropping marginally to 1.5% in the next fiscal year.
The report highlights global economic challenges and the uneven pace of recovery across regions.
