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The Independent UK
The Independent UK
National
Via AP news wire

IMF slashes cash-strapped Pakistan's growth outlook to 0.5%

International Monetary Fund Pakistan Shahbaz Sharif Imran Khan the International Monetary Fund Economy
Copyright 2023 The Associated Press. All rights reserved.

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country's fragile economy will grow just 0.5% this year, down from 6% in 2022.

The latest data on Pakistan's ailing economy was released by the IMF on Tuesday, when it unveiled its World Economic Outlook report in Washington.

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