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Pakistan's FY24 economic outlook remains bleak, warns World Bank


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Source channel: Geo News

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Pakistan's FY24 economic outlook remains bleak, warns World Bank World Bank attributes modest recovery to stringent policies.
Says risks very high, key constraints persist unaddressed.
Without major structural reforms growth would remain muted.
The World Bank (WB) on Tuesday projected Pakistan's economy to grow by only 1.8% in the current fiscal year ending June 2024, stressing the need for structural reforms, as inflationary burdens have sent nearly 40% of the population below the poverty line.


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