Pakistan is expected to experience “moderate growth, stabilizing after a period of economic contraction”, with its Gross Domestic Product (GDP) projected to expand by 2.3 per cent in 2025, according to a major UN report.
United Nations has launched an updated outlook for global economy in the wake of trade tensions that has sent shockwaves through the global economy.
The report, titled ‘the UN World Economic Situation and Prospects 2025’, noted that declining inflation has allowed most of the South Asian region’s central banks to commence or continue monetary easing in 2025. Meanwhile, governments in Pakistan, Bangladesh and Sri Lanka are expected to continue fiscal consolidation and economic reforms under IMF-supported programmes.
It said that the near-term outlook for South Asia is expected to remain robust, with growth projected at 5.7 per cent in 2025 and 6.0 per cent in 2026, “driven by strong performance in India as well as economic recovery in a few other economies”, including Bhutan, Nepal and Sri Lanka.
