TITLE

Pakistan: Current Account Gap To Widen, But No Crisis Expected

PUB. DATE
October 2010
SOURCE
Emerging Markets Monitor;10/18/2010, Vol. 16 Issue 28, p6
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents economic forecasts for Pakistan. The country's current account deficit for financial year 2009/10 declined from the five-year average of 4.9% of the gross domestic product (GDP) to 2.0% of the GDP at 3.5 billion U.S. dollars. Despite the weakening of the country's balance of payments, the deteriorating trade environment and slow investment flows will be offset by strong remittance inflows and foreign aid disbursements.
ACCESSION #
54480356

 

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