IMF report forecasts improved Pakistan’s economy in next fiscal year

Pakistan’s economic situation is expected to significantly improve in the upcoming fiscal year, according to a recent assessment from the International Monetary Fund.

A notable upward trajectory has been anticipated for key economic indices of Pakistan’s economy, including inflation, unemployment, and economic growth, according to the IMF Economic Outlook for the year 2024, which was released today.

According to the report, Pakistan’s economic growth rate is predicted to increase from the estimated 2 percent growth rate for the current year to 3.5 percent the next year.

The survey also revealed a significant drop in unemployment and inflation rates, with inflation expected to drop to 12.7% next year after falling to 24.8 percent this year.