Pakistan predicted to become the Muslim World’s fastest growing economy in 2017: The Economist

[Devil Soul]

Pakistan predicted to be world’s fastest-growing Muslim economy in 2017
By Wali Zahid
Published: January 10, 2017
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A view of the city skyline at dusk in Karachi June 24, 2013. PHOTO: REUTERS

Pakistan has been forecasted to be the world’s fastest-growing Muslim economy in 2017 ahead of Indonesia, Malaysia, Turkey and Egypt, according to London’s The Economist magazine.


Pakistan’s estimated GDP growth – 5.3% – is also ahead of 4% GDP growth of Israel. This makes Pakistan world’s fifth fastest-growing economy in the world, only behind India and China and two other countries.

The live data, which is updated twice-daily, is published on The Economist website in the form of an interactive table of economic and financial indicators. This data reinforces a Harvard University study which predicted Pakistan to grow by more than 5% in the next decade.

The 2017 forecast of 5.3% growth is, however, lower than the 2016’s 5.7% forecasted growth rate, which means Finance Minister Ishaq Dar must take steps to put economy on the path of irreversible growth.

In 2014, The Economist had forecasted Pakistan to be world’s sixth fastest-growing country.


This year, the four world economies ahead of us are: India (7.5%), Vietnam (6.6%), China (6.4%), and Philippines (6.4%). And we are ahead of large Muslim economies such as: Indonesia (5.2%), Malaysia (4.6%), Egypt (4.0%), and Turkey (2.9%).

All of these countries except Malaysia are going to be among the top 20 economies in the world in 2050.

Wali Zahid is a former journalist who now trains senior executives to improve workplace effectiveness.

 

[Anish]

Economy has a religion?

 

[Hassan Guy]

Muslim economy?

I get the economy part but not the other.

 

[xyxmt]

to be the fastest create a category of its own. how about Pakistan is the fastest growing Economy with Country names starting with a 'P'

 

[Muhammad Omar]

I think it's better to say Pakistan is slowing becoming one of the World's Fastest growing Economy..

 

[Dalit]

I think the author is trying to say in the Islamic world.

 

[faaiq Sheikh]

Fastest growing muslim economy? so its beating KSA and other gulf countries and exactly how?

 

[Hyde]

For as long as our exports are declining and domestic consumption is not increasing, there is a lot to worry about. The economy is growing given on the increased funding from the CPEC but it is not sustainable for a long period of time unless more countries join CPEC to take part in industrial revolution.

 

[I S I]

Fastest growing muslim economy? so its beating KSA and other gulf countries and exactly how?

In GDP growth rate. You answered your own question.

 

[Rank]

Islamic Islamic everywhere hahhahahahhah

 

[Director General]

Well India at 7.5% is definitely the fastest growing Hindu economy.

 

[Khanate]

Murdered. English.

RIP.

 

[rome333]

Congrats to Pakistan for their achievement. What about Bangladesh? We are going to achieve 7.2% for 2016-2017 and our target is to get to 7.5% for 2017-2018. (in BD financial year is July-June).

 

[VCheng]

For as long as our exports are declining and domestic consumption is not increasing, there is a lot to worry about. The economy is growing given on the increased funding from the CPEC but it is not sustainable for a long period of time unless more countries join CPEC to take part in industrial revolution.

Just check out the tab titled "TRADE, EXCHANGE RATES, BUDGET BALANCES AND INTEREST RATES" in the same Table cited in the OP.

 

[Talwar e Pakistan]

Fastest growing muslim economy? so its beating KSA and other gulf countries and exactly how?

Saudi Arabia's growth rate is around 4%.