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Pakistan's Endless Economic Crisis

Graham Watson

15th October 2023

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This Bloomberg clip looks at the state of the Pakistani economy, highlighting the problems that the country faces, and how it has lagged behind its neighbour India. Pakistan's 36% inflation has been associated with a depreciating currency and undermined living standards, and the economy is struggling to recover from floods which affected one-third of the country.

As a result it has sought another IMF bailout, and there are questions about whether its current level of debt is sustainable: it has a low level of exports, low levels of FDI and forex. There's a real need for fiscal prudence, not least in improving tax collection in the economy.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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