Can Pakistan's GDP grow more than 1-2% ?

[mumairb]

I read somewhere IMF projected Pakistan’s GDP growth rate at 1-2 per cent for FY21

Also inflation rate is expected to be around 8.8pc and unemployment rate is expected to accelerate to 5.1pc in FY21.

So, I have a question based on the positive indicators in the economy that we have recently seen especially in term of CAD( Current account deficit), increased manufacturing and a decent increase in the exports in last 2 months,

can we expect the GDP to grow more than 2-3 % ?

 

[Samlee]

I read somewhere IMF projected Pakistan’s GDP growth rate at 1-2 per cent for FY21

Also inflation rate is expected to be around 8.8pc and unemployment rate is expected to accelerate to 5.1pc in FY21.

So, I have a question based on the positive indicators in the economy that we have recently seen especially in term of CAD( Current account deficit), increased manufacturing and a decent increase in the exports in last 2 months,

can we expect the GDP to grow more than 2-3 % ?

No We Can't because of structural deficiencies we can't grow more than 3.8 %

 

[The Accountant]

I read somewhere IMF projected Pakistan’s GDP growth rate at 1-2 per cent for FY21

Also inflation rate is expected to be around 8.8pc and unemployment rate is expected to accelerate to 5.1pc in FY21.

So, I have a question based on the positive indicators in the economy that we have recently seen especially in term of CAD( Current account deficit), increased manufacturing and a decent increase in the exports in last 2 months,

can we expect the GDP to grow more than 2-3 % ?

Its difficult coz first quarter was already bad due to corona. Secondly Pakistan has twin deficit. Current account deficit and budget deficit.

So current account is curtailed but due to corona budget deficit is really high as a result government projects are low and economic activities are also low.

2020-21 is a difficult year

 

[Prince Kassad]

easily possible, cpec is now fully operational.

 

[Norwegian]

I read somewhere IMF projected Pakistan’s GDP growth rate at 1-2 per cent for FY21

Also inflation rate is expected to be around 8.8pc and unemployment rate is expected to accelerate to 5.1pc in FY21.

So, I have a question based on the positive indicators in the economy that we have recently seen especially in term of CAD( Current account deficit), increased manufacturing and a decent increase in the exports in last 2 months,

can we expect the GDP to grow more than 2-3 % ?

Post coronavirus pandemic it is highly unlikely

 

[The Accountant]

easily possible, cpec is now fully operational.

CPEC is not even 25% operational. 9nly 25 billion spent most of which are work in progress and all these are infrastructure projects. The real part of cpec is shifting of low end manufacturing to Pakistan which is not even started.