ADB Raises Pakistan GDP Forecast Amid Modi's War Talk
The Asian Development Bank (ADB) has raised Pakistan's economic growth forecast for fiscal year 2017 (from July 2016 to June 2017) from 4.8% to 5.2%. The Bank also sees brighter outlook for the the entire South Asian region. However, the prospects of even a limited India-Pakistan war could derail the economies of the entire South Asia region. I hope that sanity will prevail in New Delhi to tone down its war rhetoric , abstain from escalation and maintain the current economic momentum. ADB Forecast: "...assuming further improvement in energy supply and security, and likely recovery in cotton and other agriculture-the growth forecast (for Pakistan) for FY2017 is revised up to 5.2%", says the Asian Development Outlook 2016 Update released September 27, 2016. The ADO which is launched annually in March and updated in September provides a comprehensive analysis of macroeconomic issues in developing Asia. The ADB report says that "growth in Pak...