Wednesday, April 15, 2009

The possibility of accelerating growth in 2009-10: IMF

Government officials and the IMF reached an understanding on the macroeconomic framework for 2008-09 and 2009-10 be reviewed. Before the rest of 2008-09 remains difficult, particularly in the manufacturing sector. As a result, economic growth forecast for 2008-09 has been revised 2.5 per cent 3.4 per cent at the beginning of the program, said the first revision of the IMF standby arrangement (stand) is Pakistan. Down the review is not warranted at this stage, given the strength of the service sector and agriculture, and the good. However, according to the revised growth forecast from the risk of relegation, and a significant increase in real GDP in 2008-09 and 2009-10 can be to1 0.5 percentage.


2008-09, food and energy prices, an egg% for month and year - for each of the dishes and the rest of the rest of this year, core inflation - inflation heads home for a curator of the 10% to 20% by the end of June 2009 decreased by 6.5% compared to Small and Medium Business Administration of the program, and in June 2010. Discover patterns, opinions syeonui accelerated 2008-09 to 20-6% caused prices to drop an average of years 2009-10, said the International Monetary Fund. The report, which, as the shortage of energy and high interest rates, while the internal factors, external factors, the world demand to weaken the fibers. On the positive side, the report, in 2008-09 the agricultural production, including bumper grain harvest in wheat, cotton and rice crops and a significant increase in the need to compensate for the reduction of sugar production will benefit. With the prices of food and energy, economic activity is lower than expected, said that inflation is falling rapidly.

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