Global Economic Prospects report 2022, by the World Bank forecasts _______% growth rate for Pakistan in the current fiscal year(2021-22)?
Correct answer: D. 3.4%
- A. 4.1%
- B. 3.8%
- C. 3.9%
- D. 3.4%
Explanation
The World Bank’s January 2022 Global Economic Prospects report projected Pakistan’s growth at 3.4% for fiscal year 2021-22. This forecast was below the higher estimates listed in the other options.
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About Economy and Budget
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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