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Macro - Country Economic Forecasts - Pakistan

Publisher Oxford Economics
Published Apr 25, 2022
Length 7 Pages
SKU # OFE17135432

Description

Macro - Country Economic Forecasts - Pakistan

Rising inflation, a widening external deficit and political uncertainty are adding to macroeconomic imbalances. Overall, we forecast GDP growth will slow to 4.2% in 2022, after a rise of 6.0% in 2021. Political uncertainty has increased drastically as the prime minister is due to face a no-confidence vote in parliament on 3 April. If the government loses the vote, the opposition is likely to form a coalition government for a few months and then call early national elections. On the other hand, country’s cyclical position has returned to a neutral stance and economic growth is likely to be driven by an expansion in the manufacturing capacity.

Table of Contents

7 Pages
Pakistan: Domestic and international factors weighing on growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Long-term growth prospects show potential:
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

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