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Wednesday, 7 June 2017

The World Bank forecasts that Pakistan’s economy will achieve a 5.5 percent GDP growth in 2018


The World Bank forecasts that  Pakistan’s economy will achieve a 5.5 percent GDP growth in 2018, reflecting an upturn in private investment, increased energy supply and improved security.
Overall growth in the South Asian region is forecast to pick up to 6.8 percent in 2017 and accelerate to 7.1 percent in 2018, reflecting a solid expansion of domestic demand and exports, the World Bank’s June 2017 Global Economic Prospects said.
21 May: The World Bank says that Pakistan will record 5.2 percent GDP growth this year, the highest in nine years. The growth will continue to accelerate in coming years.

17 April: In Pakistan, economic activity expanded by 4.7 percent in 2016 and is expected to continue to grow at 5.2 percent in 2017 with growth prospects continuing to improve and inflation remaining contained.
The China Pakistan Economic Corridor (CPEC) projects have supported construction activity, which is expected to stimulate industrial sector growth.
These  The China Pakistan Economic Corridor (CPEC)  Projects should help accelerating growth in the domestic construction industry and increase electricity generation.
Sustainable and inclusive growth and poverty reduction, will require greater private sector investment and the longer term development of infrastructure. – World Bank report
11 Jan 2017: World Bank revises Pakistan’s GDP growth rate upwards to 5.2 percent for fiscal year 2017 and 5.5 percent for 2018.
Pakistan’s economy is set to grow by a robust 5.4 percent by 2018 as Chinese investment from a multi-billion dollar infrastructure project flows into the country, the World Bank predicted in a new report on Thursday.
The cash-strapped country, for years plagued by a bloody homegrown Taliban insurgency, has been battling to get its shaky economy back on track and solve a chronic energy crisis that cripples its industry, says an The China Pakistan Economic Corridor (CPEC) Media report

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