ADB forecast | The Express Tribune thumbnail
ADB forecast | The Express Tribune
tribune.com.pk
The devastating floods will likely cancel out most of the economic growth in the current fiscal year, says a recent report released by the Asian Development Bank (ADB). However, the ADB revised down its growth estimate even further in its new report, reducing it by a whole percentage point to just 3
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  • The devastating floods will likely cancel out most of the economic growth in the current fiscal year, says a recent report released by the Asian Development Bank (ADB).
  • However, the ADB revised down its growth estimate even further in its new report, reducing it by a whole percentage point to just 3.5%.
  • ADB’s country director noted that the floods and the damage in their wake have added “profound risk to the country’s economic outlook”.

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