ADB maintains 15% inflation forecast

The Asian Development Bank (ADB) has maintained its inflation forecast for Pakistan at 15%, significantly higher than the official target, while predicting the country’s debt burden will ease to 70% of GDP this fiscal year. The Manila-based lender’s flagship report, the Asian Development Outlook, did not provide a new economic growth figure for Pakistan, implying it retained the previous forecast of 2.8% growth for this fiscal year, lower than the official target of 3.5%. This release coincides with another comprehensive report by BMI, the macro research engine of Fitch Solutions, which offered extensive commentary on Pakistan’s political regime, the fate of the current coalition government, and economic forecasts for the next decade.