Pakistan Economy "Not in a Good Place"? Atif Mian's Gloom Justified?
Pakistani-American economist Atif Mian has recently analyzed Pakistan's economy in a series of tweets . He has said "Pakistan's economy is not in a good place", adding that the nation's "per capita income has not risen in 3 years (in fact down slightly)". He has particularly mentioned the country's "exaggerated external demand driven by its rentier economy", "flawed energy policy" and "a broken economic decision system" among the main causes for poor economic performance. Is Atif Mian's diagnosis correct? Is the official reported data Atif Mian using accurate? What is the current PTI government doing or not doing to correct the problems identified by Mr. Mian? Let's try and assess the situation. Economist Atif Mian's Tweet on Pakistan Economy Per Capita Income: Pakistan's officially reported GDP and per capita incomes are grossly understated . These are based on the last economic census that was done ...