{"id":71297,"date":"2020-10-12T10:13:00","date_gmt":"2020-10-12T05:13:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71297"},"modified":"2020-10-12T16:23:58","modified_gmt":"2020-10-12T11:23:58","slug":"wb-expects-pakistan-economy-grow-0-5-2020-21","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-expects-pakistan-economy-grow-0-5-2020-21.html","title":{"rendered":"WB expects Pakistan economy to grow 0.5% in 2020-21"},"content":{"rendered":"\n<p>Islamabad: The World Bank (WB) on Thursday released its biannual report called the \u2018South Asia Economic Focus\u2019 that predicted that Pakistan\u2019s economy would grow by 0.5% during (Fiscal Year) FY2020-21 \u2014 according to a news source. The report also forecasted that the country\u2019s economic outlook would remain fragile for a period of time due to the economic impact of the coronavirus pandemic.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/world-bank-to-use-emergency-procedures-for-sweep-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">World Bank to use emergency procedures to implement SWEEP in Karachi<\/a><\/p>\n\n\n\n<p>The report presented a slow outlook for South Asia. With regards to Pakistan, it forecasted that the domestic economic activity was expected to recover once the lockdown measures had been lifted and &nbsp;cases in the country started to decline. However, it is expected that Pakistan\u2019s short-term prospects will remain relatively subdued.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cdwp-clears-3-projects-world-bank-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDWP clears 3 projects for World Bank loans<\/a><\/p>\n\n\n\n<p>While speaking at an audio conference, World Bank Chief Economist for South Asia region Hans Timmer stated that the GDP of South Asian economies did not depict the full picture, since the informal sector had also been impacted by the COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The World Bank (WB) on Thursday released its biannual report called the \u2018South Asia Economic Focus\u2019 that predicted that Pakistan\u2019s economy would grow by 0.5% during (Fiscal Year) FY2020-21 \u2014 according to a news source. The report also forecasted that the country\u2019s economic outlook would remain fragile for a period of time due to the economic impact of the coronavirus pandemic. Read: World Bank to use emergency procedures to implement SWEEP in Karachi The report presented a slow outlook for South Asia. With regards to Pakistan, it forecasted that the domestic economic activity was expected to recover once the lockdown measures had been lifted and &nbsp;cases in the country started to decline. However, it is expected that Pakistan\u2019s short-term prospects will remain relatively subdued. Read: CDWP clears 3 projects for World Bank loans While speaking at an audio conference, World Bank Chief Economist for South Asia region Hans Timmer stated that the GDP of South Asian economies did not depict the full picture, since the informal sector had also been impacted by the COVID-19 pandemic.<\/p>\n","protected":false},"author":57,"featured_media":61439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[41105,41106,41103],"persona":[],"class_list":{"0":"post-71297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pakistan-economic-growth","9":"tag-wb-expects-pakistan-economy-to-grow-0-5-in-2020-21","10":"tag-world-bank-forecast","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WB expects Pakistan economy to grow 0.5% in 2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The World Bank (WB) on Thursday released its biannual report called the \u2018South Asia Economic Focus\u2019 that predicted that Pakistan\u2019s economy would grow by 0.5% during (Fiscal Year) FY2020-21 \u2014 according to a news source.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-expects-pakistan-economy-grow-0-5-2020-21.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB expects Pakistan economy to grow 0.5% in 2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The World Bank (WB) on Thursday released its biannual report called the \u2018South Asia Economic Focus\u2019 that predicted that Pakistan\u2019s economy would grow by 0.5% during (Fiscal Year) FY2020-21 \u2014 according to a news source.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-expects-pakistan-economy-grow-0-5-2020-21.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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