Business
IMF announces inflation to significantly drop in Pakistan
The unemployment is expected to be 8% this year and 7.5 percent next year.
New York: The International Monetary Fund (IMF) has released the World Economic Outlook Report 2024, in which Pakistan's economy has been predicted to improve.
According to foreign media reports, the IMF stated in the World Economic Outlook Report that Pakistan's economy is improving and the economic growth rate in Pakistan is expected to reach two percent this year and 3.5 percent next year.
The report further stated that inflation this year will be 24.8 percent against the target of 21 percent, inflation is expected to drop significantly to 12.1 percent in the next financial year. The unemployment is expected to be 8% this year and 7.5 percent next year.
Earlier, the head of the IMF, Krista Linajarjiva, also addressed the think tank of the Atlantic Council and said that Pakistan's economy is performing well.