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WorldBank predicts 0.5% growth rate for Pakistan in FY21

The World Bank has forecast Pakistan’s growth rate at 0.5 per cent for financial year 2020-21.

In its report titled “2021 Global Economic Prospects”, Pakistan’s growth rate could be only 0.5 percent in FY2021 against the government’s target of 2.1 percent.

According to the report, the services sector in Pakistan will be affected and Pakistan s economy could grow at a rate of 1.3% in the next two years.

It also observed that the country’s poor will be affected by the low growth rate and they will be the hardest-hit

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