No Result
View All Result
Sunday, July 27, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

    Image: Screengrab

    Why did Indian model Ruchi Gujjar slap producer Karan Singh?

    Vaani Kapoor portrays a detective in Mandala Murders, investigating ritualistic killings and secret societies.
(Netflix)

    Is Vaani Kapoor’s ‘Mandala Murders’ based on a true story?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

    Image: Screengrab

    Why did Indian model Ruchi Gujjar slap producer Karan Singh?

    Vaani Kapoor portrays a detective in Mandala Murders, investigating ritualistic killings and secret societies.
(Netflix)

    Is Vaani Kapoor’s ‘Mandala Murders’ based on a true story?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

IMF forecasts 1.5% growth rate for Pakistan in 2021

MM News Staff by MM News Staff
April 7, 2021
The IMF acknowledged Pakistan’s robust economic performance. Source: FILE.

The IMF acknowledged Pakistan’s robust economic performance. Source: FILE.

DUBAI: The International Monetary Fund (IMF) has forecast GDP growth rate at 1.5 percent for fiscal year 2021, against negative 0.4 percent in 2020.

The IMF in its latest report, “World Economic Outlook (WEO), managing divergent recoveries” has projected GDP growth rate at 1.5 percent in 2021 against -0.4 percent in 2020, and projected at 4 percent for 2022.

It projected rise in unemployment from 4.5 percent in 2020 to five percent in 2021. The Fund has also projected decline in inflation from 10.7 percent in 2020 to 8.7 percent in 2021, which is projected to decline to eight percent in 2022.

According to the report, consumer prices have projected at end of period at 10 percent in 2021 and 7.9 percent in 2022. The current account balance is projected at negative 1.5 percent of the GDP for 2021 against negative 1.1 percent in 2020 and negative 1.8 percent is projected for 2022.

The Fund has projected unemployment at five percent for 2021 against 4.5 percent in 2020, and projected at 4.8 percent for 2022. After an estimated contraction of negative 3.3 percent in 2020, the global economy is projected to grow at six percent in 2021, moderating to 4.4 percent in 2022.

The contraction for 2020 is 1.1 percentage points smaller than projected in the October 2020 World Economic Outlook (WEO), reflecting the higher-than-expected growth outturns in the second half of the year for most regions after lockdowns were eased and as economies adapted to new ways of working.

The projections for 2021 and 2022 are 0.8 percentage point and 0.2 percentage point stronger than in the October 2020 WEO, reflecting additional fiscal support in a few large economies and the anticipated vaccine-powered recovery in the second half of the year.

Global growth is expected to moderate to 3.3 percent over the medium term—reflecting projected damage to supply potential and forces that predate the pandemic, including aging-related slower labor force growth in advanced economies and some emerging market economies.

Around 95 million more people are estimated to have fallen below the threshold of extreme poverty in 2020 compared with pre-pandemic projections.

The losses have been more severe in low-income and developing countries, which have found it harder to cope with school closures, and especially for girls and students from low-income households. Unequal setbacks to schooling could further amplify income inequality.

Future developments will depend on the path of the health crisis, including whether the new COVID-19 strains prove susceptible to vaccines or they prolong the pandemic.

Tags: forecastgrowthIMFpakistan
ShareTweetSendShare
Previous Post

Govt committed to implementing structural reforms: Hammad Azhar

Next Post

‘I am sorry. I am ashamed’: Iffat Omar on getting COVID-19 vaccine

Related Stories

representative image
Business & Stock

Saudi Riyal to PKR rates today- 27 July 2025

July 27, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 27, 2025

July 27, 2025
file photo
Business & Stock

What is the new rate of profit on national savings schemes? Details released

July 27, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 27 July 2025

July 27, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 26, 2025

July 26, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- 26 July 2025

July 26, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 26 July 2025

July 26, 2025
representative image
Business & Stock

NAB develops modern online system to curb fraud in real estate sector

July 26, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
Next Post

'I am sorry. I am ashamed': Iffat Omar on getting COVID-19 vaccine

Trending Stories

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025
Sports

Indian media demands boycott of Asia Cup match against Pakistan

by MM News Staff
July 27, 2025
Cobra is one of the most venomous snakes in the world.
World

Toddler kills cobra with teeth in India’s Bihar

by MM News Staff
July 27, 2025
(File Photo)
Top News

Pakistani diplomatic, official passport holders can now travel to UAE without visa

by MM News Staff
July 27, 2025
(Representational Image)
Crime

Housemaid steals jewelry worth millions from Karachi apartment

by MM News Staff
July 27, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rescue personnel evacuate villagers by boat from a flooded village following heavy rains in the Taunsa district of Punjab on July 16, 2025. — AFP
National

Thousands displaced, crops destroyed as floods wreak havoc in Punjab

by MM News Staff
July 27, 2025

Floods have caused widespread devastation across several cities in Punjab, damaging crops and leaving...

File photo

KP issues travel advisory amid monsoon showers

July 26, 2025
Image: file photo

Weather updates for Islamabad, other parts of country

July 26, 2025
File Photo

Another monsoon spell to begin in Pakistan from July 28

July 25, 2025
See all

Prices

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Residents of Karachi are compelled to purchase the costliest flour in Pakistan, with a...

representative image

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
representative image

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
File Photo

Govt to deregulate electricity prices under new competitive energy market policy

July 25, 2025
See all

Transport News

Chakwal
Crime

Tragic bus crash in Chakwal: 6 dead, 24 injured near Dhok Sial

by MM News Staff
July 27, 2025

A bus fell into a ravine near Dhok Sial on the motorway in Chakwal,...

Charged Parking

Has the Sindh government put an end to parking fee extortion?

July 25, 2025

E-Taxi scheme launch date unveiled in Punjab

July 24, 2025
(File Photo)

Air Arabia Abu Dhabi expands operations in Pakistan with new Faisalabad, Multan flights

July 24, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.