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Pakistan GDP 2023: Shocking news is coming out from Pakistan on the economic front, this news is very bad for the people of Pakistan. The World Bank has projected Pakistan’s economic growth rate (Pakistan GDP) to come down to 2 percent in the current financial year (2022-23). In its latest report, the bank has said that it will be 2 percentage points less than the estimate of June 2022. This information has been given by the World Bank in its Global Economic Report.
Know what is the reason
The condition of Pakistan is going very bad, the prices of food from flour to petrol are skyrocketing in the country. Severe floods have caused devastation in the country in the last few months. Along with this, the fall in the global growth rate is also going to affect Pakistan. The World Bank has expressed concern about this.
lethargy is coming fast
According to media reports, this report of the World Bank is pointing towards the long-lasting lethargy in Pakistan. It has been said in this report that this year the global growth rate is estimated to be 1.3 percent. Whereas in June the global growth rate was estimated to be 3 percent.
Effect of the Ukraine-Russia war
The effect of Ukraine-Russia war has been seen on the economic growth rate of Pakistan. The report has been released by a leading publication of the World Bank Group. According to this report, the global growth rate is coming down rapidly due to high inflation, high interest rates, lack of investment and problems caused by the Ukraine-Russia war.
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