The International Monetary Fund (IMF) on Tuesday projected a subdued economic growth rate for Pakistan couple with rising inflation in ongoing 2021.

In its World Economic Outlook (WEO) 2021, the IMF forecasted Pakistan’s growth rate at 1.5 per cent in 2021 and 4.4% in 2022.
In October 2020, the global lender had projected the growth rate at one per cent.
The IMF has projected the Indian economy as the fast-growing at 11.1% in 2021 while China’s economy is expected to grown at 8.1% and Turkey’s economy at 7%.
Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of the virus pose concerns for the outlook. Amid exceptional uncertainty, the global economy is projected to grow 5.5 percent in 2021 and 4.2 percent in 2022.
The 2021 forecast is revised up 0.3 percentage point relative to the previous forecast, reflecting expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large economies, said IMF in a report.
The projected growth recovery this year follows a severe collapse in 2020 that has had acute adverse impacts on women, youth, the poor, the informally employed, and those who work in contact-intensive sectors. The global growth contraction for 2020 is estimated at -3.5 percent, 0.9 percentage point higher than projected in the previous forecast (reflecting stronger-than-expected momentum in the second half of 2020).
Five family members of SHO injured in grenade attack in Khuzdar
- 5 گھنٹے قبل
Cricketer Junaid Zafar Khan dies of medical emergency during hot Adelaide match
- 3 گھنٹے قبل

Gold glitters, historic high in Pakistan
- 7 گھنٹے قبل

PTI to participate in National Security Committee meeting
- 3 گھنٹے قبل
Trump administration begins mass layoffs at Voice of America and US-funded media outlets
- 3 گھنٹے قبل

Pakistan, WB reaffirm commitment to economic reforms and sustainable development
- 3 گھنٹے قبل

Over 220 health facilities at risk of closure in Afghanistan, says WHO
- 3 گھنٹے قبل

Three Khawarij militants killed in Khyber District operation: ISPR
- 2 گھنٹے قبل

Houthis launch twin attacks on USS Harry Truman
- 7 گھنٹے قبل

TTP camps destroyed in Khyber Pakhtunkhwa during police operation
- 7 گھنٹے قبل
Pakistan's tallest man, Nasir Soomro, passes away in Shikarpur
- 3 گھنٹے قبل
Weekend US tornadoes leave at least 40 dead
- 7 گھنٹے قبل