Pakistan’s growth to hit 2.4% in FY25: WB
The World Bank (WB) has said Pakistan’s economic outlook from July 2023 to June 2024 would remain bleak and projected its growth at only 1.7% but it was expected to pick up to 2.4% in the fiscal year 2024-25 with the easing of inflationary pressure.
In its report titled ‘Global Economic Prospects — January 2024’, the WB shared that the country’s monetary policy was expected to remain tight to contain inflation, while fiscal policy was also set to contract — reflecting pressures from high debt-service payments.
Read more: https://tribune.com.pk/story/2452998/pakistans-growth-to-hit-24-in-fy25-wb
