NAWAZ SHARIF isthe ex-prime minister of Pakistan again. His third stint inthe job ended on July 28th after the Supreme Court disqualified him from office. Yet he could justifiably claim that he left Pakistan’s economy in a better state than he found it. When Pakistan last went to the polls, GDP had been growing at around 3%, a dismal rate for a poor country with a burgeoning population. Inflation was above 10%. The budget deficit had ballooned. A crisis loomed. Four years on, inflation isinthe low single digits. The budget deficit has shrunk to a little above 4% of GDP. The GDP growth rate is closing in on 6%. Investors too have taken notice. Since 2012, Pakistan’s stockmarket capitalisation has doubled in dollar terms (see chart).
Artigos Relacionados
- Labour hopes to cut net migration to around 200,000
- Tax break for businesses made permanent
- Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
- What the Autumn Statement means for you and your money
- Autumn Statement: Hunt denies tax cuts were pre-election giveaway
- Austerity warning for public services after tax cuts
- Barbie movie added £80m to UK economy and used 6,000 extras, Warner Bros says
- What a falling inflation rate means for your finances
- Interest rates expected to be held after small economic growth
- UK facing permanent higher taxes, IFS think tank says