Fitch ratings predicts better than expected growth for Pakistan Economy in FY2020

Pakistan’s growth is expected to stabilize at almost 4% in the coming fiscal year, with the current account deficit narrowing to 0.5 percent of GDP in FY21 from 1.7 percent in FY20, according to Fitch Ratings.

Domestic consumption, continued manufacturing, and improved construction activity are expected to keep the economy stable, as per a Fitch statement.

This comes after Fitch predicted a negative 0.5 percent growth rate for the current fiscal year.

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