"We expect the cost of federal debt payments will remain well below historical levels through the coming decade. We have a window to invest in ourselves."
The report highlighted that investment and productivity, which are the two major drivers of growth are not only rather low in Pakistan, but are on a decline.
Fitch states that a very likely rebound in the global economy along with a global vaccine rollout will also bode well for exports which will in turn feed into private consumption through better employment prospects in export related sectors.
The German economy suffered its biggest contraction in 2020 since the 2009 financial crash as it was hard hit by unprecedented restrictions imposed to halt the coronavirus.
