As per the World Bank's report in October 2024, what is Pakistan's projected economic growth rate for the fiscal year?
Correct answer: B. 2.8%
- A. 2.3%
- B. 2.8%
- C. 3.5%
- D. 4.0%
Explanation
The World Bank projected Pakistan’s fiscal-year economic growth at 2.8% in its October 2024 assessment. This was a cautious forecast reflecting weak domestic activity and continuing economic stabilisation pressures.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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