Analysis by Region - Asia Pacific - Pakistan

Analysis by Region - Asia Pacific - Pakistan

We raised our 2024 GDP growth forecast for Pakistan to 1.5% from 0.6% previously, as 2023 GDP numbers were revised substantially to a 0.1% contraction and the latest available indicators signal a turnaround. Falling investment, weak consumer spending, problems with external liquidity, and still-elevated inflation still pose severe challenges to full recovery. That said, the worst now seems behind us.

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