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IMF forecasts Pakistan’s economy to slump, inflation to rise

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The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5 percent this year, down from 6 percent in 2022.
The latest data on Pakistan’s ailing economy was released by the IMF on Tuesday, when it unveiled its World Economic Outlook report in Washington, DC.
The coalition government of Pakistan’s Prime Minister Shahbaz Sharif is in talks with the IMF to receive a key tranche of a $6bn bailout package signed in 2019 by Sharif’s predecessor Imran Khan.

Al Jazeera’s Assed Baig reports.

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#Pakistan #PakistanEconomicCrisis #PakistanInflation #IMF
Category
World
Tags
Al Jazeera, Al Jazeera English, IMF
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