The International Monetary Fund (IMF) says unemployment in Pakistan is expected to rise to 4.8 percent this year, while inflation is expected to remain at 8.7 percent.
The World Economic Outlook report released by the International Monetary Fund (IMF) states that the supply of the coronavirus vaccine has the potential to improve the global economy.
Last year, the unemployment rate in Pakistan was projected to fall from 5% to 4.8%. The current account deficit is expected to increase from 1.5% to 1.8% in the next financial year.
The overall inflation rate in the country will come down to 8.7 per cent this year from 10 per cent last year. The report predicts that inflation will fall further in 2022.
According to the report, Pakistan’s growth rate is expected to be 1.5 percent this year and 4 percent in 2022. While last year’s GDP growth rate was minus 0.4.