UN projects Pakistan economy to grow by 2.3%
Development of SMEs, youth entrepreneurship, and rigorous economic diplomacy would be vital for the quick revival of the economy, regional expert Dr Mehmoodul Hassan Khan said. photo: file
Pakistan is expected to experience "moderate growth, stabilising after a period of economic contraction", with its Gross Domestic Product (GDP) projected to expand by 2.3 per cent in 2025, according to a major United Nations report.
The report, titled 'The UN World Economic Situation and Prospects 2025' and released a day ago, noted that declining inflation has allowed most of the South Asian region's central banks to commence or continue monetary easing in 2025. Meanwhile, Pakistan, Bangladesh and Sri Lanka are expected to continue fiscal consolidation and economic reforms under International Monetary Fund programmes.
It said that the near-term outlook for South Asia was expected to remain robust, with growth projected at 5.7pc in 2025 and 6pc in 2026, "driven by strong performance in India as well as economic recovery in a few other economies", including Bhutan, Nepal and Sri Lanka.
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