Pakistan forecasted to become world’s fastest-growing Muslim economy in 2017

Pakistan forecasted to become world’s fastest-growing Muslim economy in 2017

Pakistan Economy Updates

KARACHI: Pakistan has been predicted to be the world’s fastest growing Muslim
economy in 2017, estimated financial indicators published by The Economist
suggested on Tuesday.

According to the details, Pakistan’s Gross Domestic Product (GDP)
growth – +5.3pct – is ahead of Israel’s +4.0pct growth rate. Keeping in view
the GDP growth, Pakistan also becomes the fifth fastest growing world economy,
only behind four other countries.

The four other world economies ahead of Pakistan are: India (+7.5pct),
Vietnam (+6.6pct), China (6.4pct), and Philippines (+6.4pct).

Pakistan also beats major Muslim economies in the list: Indonesia (+5.2pct),
Malaysia (+4.6pct), Egypt (+4.0pct), and Turkey (+2.9pct).

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