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Research house sees higher growth

A Pakistan-based research house has disagreed with the International Monetary Fund’s (IMF) economic forecast, anticipating comparatively higher economic growth at 3% and a lower current account deficit at $4 billion in the current fiscal year 2023-24.

In a commentary titled ‘IMF First Review of SBA – GDP Growth, Inflation, Current Account estimates adjusted downwards’, Topline Research’s Senior Analyst Sunny Kumar said the IMF has revised its projected GDP growth from 2.5% to 2% for FY24. “We estimate Pakistan’s GDP to clock in at around 3% in FY24.”