Current Situation of Pakistan Economy
There are genuine fears prevailing in Pakistan that its economy is in a bad shape. Whereas some expert economists of the country comment that Pakistan’s economy is near collapse, others are of the view that although our economy is still away from the verge of immediate collapse it is so fragile that unless serious and urgent efforts are made to survive the economy, it can move to a dangerous stage within about next six to 12 months.
These views of experts cannot be wished away since weak health of the economy is being mirrored by withering economic indicators, such as low Gross Domestic Product (GDP) due to very low annual growth rate of our economy (2%), rising fiscal deficit (5.8% of total size of
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The ultimate objective of the economic plan should be to reduce and eliminate dependence on foreign debts/aid and internal borrowings. The Government should also make serious efforts in exploring country’s natural resources with emphasis on making Thar Coal Project a quick success so that electricity and gas could be generated and provided to the productive sectors of our economy. Efforts should also be made to maintain and increase flow of foreign remittances and exports to reduce trade deficit. In the long-term perspective the defence expenditure should also be reduced by making efforts in cooperation with the regional and world powers for early resolution ofAfghanistan issue which can bring the war on terror in our part of the world to an end. In this major enterprise of addressing country’s economic downturn, the government as well as opposition parties in Pakistan have to work together with all sincerity, integrity, cooperation and statesmanship giving good governance in a corruption-free environment. To make the economic revival and development plan a success story within the shortest possible time, it is necessary that all adult citizens of Pakistan also play their constructive
However, both the Country Profile (2005) and Business Asia (2010:10) highlight that although the fundamental political keeps stable, the efficiency of political is low. The cause of this existed problem is that the national parties weakened gradually while the regional parties which influenced by the coalition government strongly (Business Asia, 2010:10). Current President is Pratibha Patil. (BBC News, 2011). As a result, India began to conduct a relatively free liberal market reform. Nonetheless, because of the interests of coalition government members are dissimilar, the speed of market reform is limited (Business Asia, 2010:10).
The IMF has a history with the country of Pakistan which may be viewed as very problematic for the people of the country – depending on who you ask. In my research for one specific problem to write about pertaining this issue, I decided to encompass the entire project of Pakistan, which to many would be considered a massive failure on the part of the IMF and the ruling elite class of Pakistan.
The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.
country’s recovery, while others say that the real route to prosperity lies in lowering or even
Our nation is currently in the middle of grim economic circumstances of stagflation. Inflation is high, and getting higher. Unemployment is high, and getting higher. While all of this happens, GDP continues to drop. If nothing is done about this, our nation is sure to suffer worse consequences than we have already been forced to endure. Our economy will be flushed down the toilet. This new economic policy is the answer to our prayers. With the perfect blend of fiscal and monetary policy, we will achieve our goal of curbing inflation and will reduce the price of goods and services. Although GDP will initially go down because of the decrease in personal income, overtime the reduction in prices will eventually
India’s economy is one that appears to be on the brink of a major recession. Their central bank has made bad choices over the last number of years. This has lead to a low growth within the country and a high inflation rate. They changed their political leadership to someone who was more open to change and reform, but this has not come about. India reformed its tax system, which they believed would be the key to success in the country. This in fact caused the opposite. The economy slowed down sharply. They banned the sale of cows in India due to religions reason and this stopped the growth of agriculture as this was a huge export for the country. India has about 12 million new young people enter its job market each year and finding jobs for this vast quality of people is a hinderance for the country and yet another driving factor for lower growth. India expects the initial impact of their tax reform to be over and now they will see a stabilization of their economy. It is believed their economy will now grow in small increments due to this stabilization.
The United States is the leading economy across the globe and experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, there are expectations among policymakers and financial experts that the country will experience solid economic growth. Actually, financial analysts have stated that the U.S. economy will be characterized by increased consumer spending, increased investments by businesses, reduced rate of unemployment, and reduction in government cut. Some analysts have also stated that the country’s economy will strengthen in 2014 with an average of 2.7 percent or more. However, these predictions can only be understood through an analysis of the current macroeconomic
Overall, this leaves the impression that strong economic condition is not absolute. We should always be mindful and watchful so as not to be blinded and overconfident in the financial and economic conditions of the
• As previously stated in the executive summary, the United States’ economy is currently stagnating. From week to week we may see a rise in one indicator while there is a fall in another indicator, but none of the rises or falls are drastic enough to have an overwhelming impact on the economy as a whole. Although the economy is not near as strong as it was before the 2008-2009 recession, arguably one of the biggest economic crises of the past decade, there has been much growth and strength throughout the past few years with this year being the first year in which the economy is in somewhat of a holding pattern. I believe, that even with the little growth and movement of the United States economy over the past year, it is still perhaps one of the strongest economies in the world at the moment.
America has made mistakes before, now the country plans out their economy’s future a little more. One of the top five largest economies in the world, the United States, promises for new laws regulating and decreasing in tax burdens in United States’ markets. Americans can expect to see a faster growth than previous years, and according to Forbes article The U.S. Economy In 2017: Welcome Higher Growth, “the U.S. economy will be a key driving force of other Western economies” (Chafuen 1). Especially now with the new president, Trump, he has already made the US more appealing and put a rise in stocks by electing certain cabinet members. This shows the world taking Trump 's approach seriously. The unemployment rate influences the economy. At
The current macroeconomic situation in the United States is making a significant improvement due to the increase of productivity, 4.6 percent economic development, and with unemployment at 5.3 percent. But despite these positive results, many difficulties are still incoming locally and worldwide.
In this paper, you will read about the current standing of the U.S. economy as of spring and summer for 2015. Gross Domestic Product (GDP), unemployment rate, inflation rate, foreign trade, consumer spending, business investment, and government spending will all be analyzed. This analysis will then lead to the projection of the U.S. economy for the first two quarters of 2016.
Americans have been bombarded by new worries in recent days with the war in Libya, unrest in much of the Middle East, and the seemingly endless series of catastrophes in Japan as reported by a recent Gallup poll measuring economic confidence. Added to that, there is a weak job market, increasing fuel prices, and fierce budget battles in Congress, obviously, it is clear the U.S. economy still faces
I believe to some extent in our country, economic recessions are inevitable. Although, we need these reforms in place to ensure our economy will not crash
Pakistan, due to its diverse range of terrain, is susceptible to wide ranging hazards from droughts to floods and earthquakes to cyclones. Pakistan suffered a major drought from 1995-2000. Pakistan almost every year suffers from floods but the destructions faced in 2010 have changed parameters of our thinking. Pakistan has also experienced earthquakes ranging from moderate to severe in intensity. Despite all these hazards, Pakistan is yet to