Islamabad: The International Monetary Fund (IMF) has expressed the fear of increasing inflation and unemployment in Pakistan and has predicted that Pakistan’s economic growth rate will be 3.5 percent this year, while global inflation will reach 8.8 percent, while in Pakistan it will be 19.9 percent. It is possible.
According to the World Economic Outlook released by the International Monetary Fund (IMF), Pakistan’s GDP growth last fiscal year was 6 percent, which is predicted to be 3.5 percent this year.
According to the IMF outlook, the inflation rate is 19.9% while unemployment may increase from 6.2% to 6.4%. The report states that the current account deficit in Pakistan will be limited to 2.5 percent from 4.6 percent.
According to the IMF, the world economy is facing many challenges including inflation, the Russia-Ukraine war and the Corona epidemic proved to be heavy for the world economy.
The International Monetary Fund has further stated in its report that this global economic growth rate is the weakest growth rate since 2001.
