Pakistan GDP growth projected at little over 3pc by IMF

[farhan_9909]

imf last year predicted growth rate at 2.8% while we achieved 3.7%

the projected is 4.7%
if things goes as such
stock exchange Close to 16k points
decreasing inflation
i guess 4.5% is very easily achievable

 

[tanzeel736]

So 1.8 is close to 3.. No??

1 - The 1.8 figure is for the entire 2005-2010 period. The latest(2011) figure is 1.57%.

2 - 1.8%(which is an outdated number anyway, the current GR is 1.57%) and 3% are not even remotely close when talking about population growth. To put it into perspective, the difference between a population growth rate of 1.8% and a growth rate of 3% is like the difference between a cricket batting average of 25 and an average of 50. A country with a population of 200 million growing at 1.8% will have a population of 285 million in 20 years compared to 361 million for one growing at 3%, a difference of 76 million people or nearly 30%, so again, no, not even kind of close.

 

[luckycharm]

Is this good news? Certainly not bad news in light of the global economic crisis. But considering where Pakistan Economy stands at the moment, I would expect higher growth