Development update or downgrade? - News Summed Up

Development update or downgrade?


In the latest Pakistan Development Update, Pakistan is advised to accelerated economic reforms to speed up growth and bring more stability by addressing twin deficits. In the present charged atmosphere, the idea of a non-democratic technocratic set-up has been floated to do precisely what the World Bank is saying. Take the first key indicator, GDP growth rate. According to the World Bank, fiscal deficit turned out to be 5.6 per cent against the revised estimate of 4.2 per cent in 2016-17. Now this is connected with the achievement of a GDP growth rate of 5.3 per cent.


Source: The Express Tribune November 17, 2017 05:14 UTC



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