Why the Gross Domestic Product (GDP) of Pakistan is expected to slow down in 2019?
It quoted the “macroeconomic challenges” faced by the cash-strapped country for deceleration.
Pakistan’s GDP growth is forecast to decelerate further to 3.9% in Fiscal Year 2019 as Macroeconomic challenges continue and despite steps to tighten fiscal and monetary policies to rein in high and unsustainable twin deficits.
Continued fiscal consolidation in Fiscal Year 2020 will keep growth subdued at 3.6%, the bank said.
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