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12:36

World Bank: Pakistan Outperforming Emerging Economies Average

From the Blog riazhaqThe World Bank sees Pakistan's GDP to grow 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of India and Bangladesh. The report also highlights the issue to growing trade deficit and current account gap that could lead to yet another balance of payments crisis for Pakistan requiring another IMF bailout. Source: World Bank Group*Pakistan GDP Growth: * Here's an excerpt of the January 2018 World Bank report titled "Global Economic Prospects" as it relates to Pakistan: "In Pakistan, growth continuedpakistanblogs.blogspot.comRead Full PostComments

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