Macroeconomic Outlook After years of full of challenges, Pakistani economy is now out of the woods with high-single digit GDP growth rates projected for the upcoming two years. Even if the country still faces some significant political risks and has some vulnerabilities due to high…
Turkey is running a large current account deficit and is a big borrower from abroad as the deficit roughly accounts for 6% of the country’s total GDP and short-term foreign debt stock hits $130 billion. Under such circumstances foreign capital would suppress the rising concerns…
September’s current account deficit surprised the market to the upside at $3.28bn; the 12-month rolling current account deficit is likely to continue to widen. With this outcome, the gap in the first nine months of the year becomes $49bn, which compares unfavorably with the deficit…