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South Asia is expected to grow by 5.8% this year, according to the World Bank, making it the fastest-growing region in the world. However, analysts are worried that the current rate is unsustainable – even as growth remains below pre-pandemic levels.
The World Bank said South Asia is set to log growth higher than any other developing country region in the world this year. In the latest South Asia Development Update, the World Bank forecast South Asia to expand 5.
WASHINGTON —The Afghan economy is expected to hover around no-growth territory this year, amid uncertainty after contracting by 25% since August 2021 and adjusting to significantly lower demand, while the interim Taliban administration’s restrictive
ISLAMABAD —Pakistan’s economy slowed sharply in FY23 with real GDP estimated to have contracted by 0.6%. According to the World Bank’s latest Pakistan Development Update: Restoring Fiscal Sustainability, released today, the decline in economic activi
India, the region’s largest economy, will maintain its economic pace and likely grow 6.4% in the fiscal year ending March 2025.