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GDP growth rate

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

NEW YORK: An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued Monday. The revised estimates includes a worsening outlook for developing economies this…

Pakistan’s growth rate higher than that of China: Harvard research

CAMBRIDGE: Researchers at Center for International Development (CID) at the Harvard University has predicted Pakistan annual growth rate at 6 percent over the next 10 years, which is higher than that of China. According to a study called The Atlas of Economic Complexity, Pakistan’s 5.97 percent growth rate is above that of China, which is set to grow by 4.41 percent. The CID based its growth projections on the measures of each country’s economic complexity. The research said Pakistan’s immediate neighbour India, is…