Economy facing major risks: WB: Average inflation 7-7.5pc forecast

ISLAMABAD, Dec 7: The World Bank has identified some ‘major risks’ to Pakistan’s economy in the long and short terms owing to continuously rising fiscal and current account deficits and structural bottlenecks.

“The debt dynamics are vulnerable to downturns, inflation target for the year will be missed and the performance of exports and revenue is worrisome,” says the World Bank in its outlook on Pakistan based on latest economic results up to October 2006. Based on current trends, World Bank projects that average inflation during the fiscal year 2006-07 would be in the range of 7-7.5 per cent.

Continue reading on: Dawn

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