The International Monetary Fund (IMF) has predicted an improvement in Pakistan’s economic conditions next year.

IMF has released the World Economic Outlook report, this year inflation and unemployment have been increasing in Pakistan and the pace of economic development has been shown to be slow.

According to the report, the growth rate in Pakistan this fiscal year is likely to be 0.5% compared to the government’s target of 5%. Compared to last year, the rate of inflation this year is more than double that is twenty-seven percent and the unemployment rate has been predicted to reach seven percent.

Important news has come out regarding the government’s IMF debt recovery mission

According to the IMF, the current account deficit will be limited to 2.3 percent of GDP. Next year, the GDP growth will improve significantly to 3.5% and inflation will decrease to 21.9%. The current account deficit will be limited to 2.4 percent of the GDP, while the unemployment rate is expected to decrease to 0.2 percent.

The International Monetary Fund (IMF) also announced that the global economy will gradually recover from the effects of the Corona epidemic and the Russia-Ukraine war.