International Monetary Fund (IMF) has projected an increase in inflation rate for Pakistan from 2.9 percent in 2016 to 4.3 percent and 5 percent in 2017 and 2018 respectively. The IMF report "World Economic Outlook (WEO) gaining momentum" has projected a broad-based recovery to continue at a healthy pace, with growth forecast at 5 percent in 2017 and 5.2 percent in 2018, supported by ramped-up infrastructure investment, maintained the WEO.
The IMF report has also projected a slight rise in unemployment ratio for Pakistan - from 6 percent in 2017 to 6.1 percent in 2018. The current account balance is forecast at negative 2.9 percent and negative 3 percent for 2017 and 2018 respectively against negative 1.1 percent in 2016. The near-term outlook for the Middle East, North Africa, Afghanistan, and Pakistan region has weakened, with growth forecast to be 2.6 percent in 2017, 0.8 percentage point lower than projected in the October 2016 WEO.
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