IMF in its latest report ‘World Economic Outlook Update”, has revised upward its forecast for Pakistan for FY20 to -0.4% against its earlier projection of -1.5%. However for FY21 the growth rate target has been revised downward to 1% compared to its earlier projection of 2%. Global growth is projected at -4.9 percent in 2020, 1.9 percentage points below the Apr’20 World Economic Outlook (WEO) forecast.
25/6/2020