World Bank has predicted that country’s economy is expected to boost by5.2 percent to 5.5 percent the next fiscal year. Due to exports and domestic demands growth in South Asia will surge from 6.8 to 7.1 percent in 2018.
The report says that there will be strong expected growth; it will further get steady and strong in year 2018 to 2019 reaching to 7.2 percent. This World Bank report was shown on Global Economic Prospects 2017
The growth is will remain strong and will stay firm. Due to increase in trade and manufacturing and controlling the commodity prices the World Bank reports that worldwide economic growth will reach 2.7 percent.
The Growth of Economy in Pakistan
The completion of an IMF supported program had great effects on foreign direct investment and macroeconomic conditions.
In Pakistan CPEC has brought revolution in all sectors specially in Infrastructure, Energy and Transport, there is a boost in private investment due to a steady macroeconomic environment and agriculture sector is getting very better because of the ideal weather and enhanced cotton prices.
World Bank says that it’s good to see the speed in activity in largest emerging markets is a sign of good growth and for the global economy.