Islamabad: The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.2% for the fiscal year 2025, up from 2.4% in FY24, as claimed in a news article on October 22.
According to the details, this forecast was revealed in the IMF’s latest “World Economic Outlook (WEO): Policy Pivot, Rising Threats” report, released on Tuesday.
The IMF’s projection aligns with other financial institutions’ estimates, though slight differences exist. The World Bank has projected Pakistan’s GDP growth at 2.8% for FY25, compared to 2.5% for FY24, marking it as the lowest growth in the region. Similarly, the Asian Development Bank (ADB) maintained its projection of 2.8 percent GDP growth for FY25.
In terms of inflation, the IMF forecasts a decline to 9.5 % in FY25, down from a staggering 23.4% in FY24. However, consumer prices are expected to reach 10.6 percent by the end of FY25, compared to 12.6% in FY24. The report also highlighted a projected current account deficit of 0.9% of GDP in FY25, widening from a deficit of 0.2% in FY24. On a positive note, the IMF expects a drop in unemployment, forecasting a rate of 7.5% in FY25, compared to 8% in FY24.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
