In the wake of the deadly virus, global GDP estimates have been slashed by 5bps to 2.4pc as opposed to previous estimates of 2.9pc. TRADE IMPACTAs per a report by BMA Research, the impact is likely to hit Pakistan due to its trading with infected countries. However, with global export leaders impacted by the spread of the virus, this could lead to Pakistan emerging as an exporting nation. Considering how developed countries are stockpiling on low priced oil, Pakistan is expected to follow. BMA notes, “In the backdrop of lower inflation trajectory and anticipated economic slowdown, we expect Pakistan’s central bank to follow suit.

Source: Pakistan Today March 14, 2020 09:24 UTC