USA: World Bank projects Pakistan’s growth at 2.0 percent in FY2022/23, amid warning of global recession
WASHINGTON, Jan 11 (APP):With the World Bank warning that the global economy is “perilously close to falling into recession”, the development lender forecast Pakistan’s growth at 2.0 percent in fiscal year 2022/23 (July-June), in its annual Global Economic Prospects report Tuesday.
The bank said the figure for Pakistan growth was “half the pace that was anticipated last June, and faces challenging economic conditions, including the repercussions of the recent flooding and continued policy and political uncertainty.”