Economy of Pakistan

Pakistan with a population of 182,143,000 in 2013, it is one of the most populated countries in the world, but it is also one of the least developed (poverty in Pakistan) (WHO reference). Poverty is a prevalent issue through out Pakistan: “about one quarter of the population lives below poverty line” (Poverty in paki). Pakistani’s living in poverty being less common in the urban areas, and more common in the rural areas with about half of the rural population still under the category of absolute poverty (Poverty in paki). Poverty in Pakistan and throughout the world impacts the population’s ability to live healthy lifestyles. Without the means to acquire adequate nutrition, health care, and services, these people are unable to meet their individual health needs. Due to the link with poverty and health, it has remained priority in almost all national plans of Pakistan (Pakistan poverty).

Proud parents happily celebrating as their children are able to move onto a university level education, and continue into the job world well-equipped and ready to bring in a substantial income. Families escaping poverty after generations of impoverished relatives. If only life in Pakistan reflected this utopia. The reality is that thousands of tired, hungry children still struggle to get to school and receive a proper education. Families cannot send their kids, and the cycle of poverty proves inescapable. Until the government intervenes, there is no way for the country to pull itself out of an impoverished state and bring prosperity for future generations. With minimal federal intervention, Pakistan could swiftly increase the standard of living and level of education for its citizens. Every day, more and more young girls and boys could be trekking to newly constructed school buildings with a lunch in hand and the realization that they will learn substantial and relevant information with their newly appointed teacher. Literacy rates will spiral upwards, and the poverty strain will ease slightly. Although it will take time, this improved world can be achieved through the assistance of the federal government to already existing groups working to alleviate

1. Gen. In the world Pakistan is a county that is facing one of the most critical conditions of terrorism. Pakistan is on an urge of war against the terrorism since more than 15 years that has been killed thousands of innocent citizens and several hundred of soldiers and law and enforcement agencies' personnel during fighting against terrorism. This irritation has not only affected the peoples of Pakistan, but it has been also very bad effects upon the economy of Pakistan. These things have made the economic situation of the state unsteady and unsecured.

1). In 2016, the inflation rate was at 2.07 percent, and as of February 2017 the rate is about .90 percent (“Inflation Rate,” n.d.). As we can see, the economy has bounced back from its position during the recession. GDP has increased drastically since 2009, unemployment has decreased past its position from 2007, the interest rate has risen, and inflation has also gone up which indicates a strong and healthy economy. Although a higher interest rate is unfavorable for consumers and businesses, it means that the government is confident that the economy will continue to improve. This also means that consumers have enough disposable income to spend on whatever they wish, so the government does not need to lower the rate in order to encourage borrowing and spending. These metrics indicate that the economy has recovered from the Great Recession, and is continuing to improve.

Overall, we expect that the economic will grow at stable rate with relatively increase for the next 5 years.

In the Government’s Budget Speech in May 2009, Treasurer Wayne Swan stated that annual growth was expected to bottom out at a level of -0.5% in 2009-10, followed by economic recovery in the years to come with 2010-11 predicted to record 2.25% annual growth and 4.5% for 2011-12.

2.5 percent in 2017. From 2018 through 2020, the economy would grow at an average annual rate of 2.0 percent, CBO projects. Consumer spending will be the largest single component of that growth, as it has been in the past years. However,the pickup in the growth of output from 2015 to 2016 and 2017 is likely to stem largely from faster grow with-thin investments in the business capital and housing. In the coming years, inflation is suppose to rise and as well as lowered unemployment rate will be slowly decreasing.

It’s been more than 68 years of so called independence but yet we are not free. Although we were assigned with a new territory and a new title yet we haven’t stood up on our own. Pakistan is enormously confined within a foreign group of countries. And they manipulate us as they want and we are bound to follow them. A country prospers only when the basic requirements, food, clothes and shelter, are rendered to its citizens. But to do so, first we have to liberate our homeland from foreign affairs. There are a number of factors that are responsible for the downfall of Pakistan. Let’s have a look on 10 primary reasons behind the downfall of Pakistan:

The world economy faced its worst financial crisis since the Great Depression of the 1930s in 2008. The largest bankruptcies in the world has happened which resulting in over 30 million people lose their job and brought many countries to the edge of insolvency. It has shown that many people can’t find the job although they didn’t stop looking in finding for work and millions have lost their home in this financial crisis.

The best case scenario assumes that economic conditions will start to show improvements by the end of 2009, and show strong direction in recovery, which will drive industry growth up to 3% in 2010, 6% in 2011, and 8% in 2012.

Currently, the real GDP increased from the first quarter of the year (2017). But the real GDP is expected to decrease within the next four years. Based on the given data, the rate of increase for real GDP is decreasing from 2.9% to 1.9% by 2020. This is a problem because the higher the percentage increase, the better the economy is in the long run. The unemployment rate is currently 4.1%. Currently, the unemployment rate is in a good position because it is below the natural rate of unemployment, which is 5.0%. The data states that the median unemployment rate for 2017 is 4.3, and is projected to slightly decrease to 4.2% by 2019. The median PCE Inflation rate for 2017 is 1.6% and is expected to increase to

The global economy is finally stabilizing following the global financial crisis and Great Recession. Our base-case outlook for average annual real growth between 2015 and 2020 is between 3 and 4 percent

The growth of the US economy (and the worldwide economy) is expected to grow at low to moderate, single-digit rates over the next decade.

This prediction proved right for growth, as second-quarter GDP growth rebounded to 3.7% [http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm]. However, inflation has stayed low.

The Central Bank has not revised its economic growth forecast for the year, but current conditions suggest that economic growth would slip from 1.7 to 1.3 per cent that it estimated earlier this year to even below 1.5 per cent, if global demand for exports continues to be unfavorable and the prevailing drought conditions persist. The falling international oil prices are the one favorable development that could mitigate the economic slide.