Macroeconomic Forecast Pakistan

September 2005 | Macroeconomic Forecasts

Rising oil prices are threatening to take the steam out of the growth momentum in Pakistan after last year's real GDP growth of 8.4%, the fastest in two decades. We expect real GDP growth to slow to 6.7%. Shortages of essential food items, higher housing rents, a steep rise in oil prices and strong domestic demand pushed inflation in 2005 to nearly 9.0%, the highest rate in eight years.

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