Pakistan GDP Grew Just 4.1% in 2013-14: Is it Another Lost Decade?
From the Blog riazhaqMeager 4.1% GDP growth reported by Pakistan for 2013-14 caps sixth consecutive year of disappointing economic performance under "democratic" governments in the country. This slow growth brings back bitter memories of the last lost decade of 1990s when economic growth plummeted to between 3% and 4%, poverty rose to 33%, inflation was in double digits and the foreign debt mounted to nearly the entire GDP of Pakistan as the governments of Benazir Bhutto (PPP) and Nawaz Sharif (PMLN) played musical chairs. Pakistan GDP Growth Rates Since 1993. Source: World Bank *Economy in 1990s: * Before the current Prime Minister Nawaz Sharif was ousted by General Pervez Musharraf in 1999, Pakistan's two main political parties had presided over a decade of corruption and mismanagement. In 1999 pakistanblogs.blogspot.comRead Full Post
0 comments :
Post a Comment