IMF forecast: 4% growth in FY 2021-22 for Pakistan

The International Monetary Fund (IMF) has predicted Pakistan’s GDP growth rate to stay the same at 4% for FY 2021-22. As per the record by “World Economic Outlook October 2021”, the IMF warned about the COVID-19 challenges which could harm the economic structure.

Moreover, the Asian Development Bank has also discovered that the GDP will reach 4% owing to the business activity that slowly resumed after the COVID-19 pandemic. According to the report, the unemployment rate would also decrease from 5.0% to 4.8% and the inflation rate would also decline from 8.9% to 8.5% by the end of the fiscal year.