The International Monetary Fund (IMF) has released a report on Pakistan’s economy.
According to the IMF report, the current fiscal year GDP rate is predicted to be 2 percent, the next fiscal year GDP rate is expected to be 3.5 percent.
According to the report, unemployment rate is expected to be 8% this fiscal year, unemployment rate is predicted to be 7.5% next fiscal year.
In the report, the inflation rate in the current fiscal year is expected to be 24.8 percent and the inflation rate in the next fiscal year is expected to be 12.5 percent.
IMF team reached Pakistan to discuss two different bailout packages
According to the IMF, exports are expected to exceed $31.20 billion this fiscal year, while exports are expected to exceed $34.41 billion in fiscal year 2024-25.
The next sexennium will be released with a decrease in the pace of growth from economy Mexican, reported the Secretariat of Hacienda and Public Credit (SHCP).
When presenting the Pre-Economic Policy Criteria of 2025 to the Congress of the Union, confirmed that in 2024 the country will achieve a performance of 3.5% of the Gross Domestic Product (GDP).
While, in 2025, during the first year of next governmentnational economic activity will lose certain dynamism and will close with an annualized rate of 3% of GDP.
Treasury explained that the “moderation” in the growth of the country is due to the forecast of a lower performance of the economy of EUwhich affects the exports Mexicans, the arrival of tourists and the entrance of remittances.
In addition to the impact of the “normalization” of the performance of some subsectors of the sector serviceswhich had recorded extraordinary performances following the pandemic of Covid and the decrease of saving accumulated from households.
“The Mexican economy will continue with positive growth, job creation and increases in public and private investment.
“It is estimated that GDP will grow in a range of 2.5% to 3.5% in 2024 and 2% to 3% in 2025.”
— SHCP
Less inflation and more debt
When referring to the inflationthe Ministry of Finance indicated that the level of the prices In Mexico it will close 2024 at 3.8%, a rate lower than the 4.40% reported by the Inegi last February.
For the first year of the new sexenniumanticipated that the National Consumer Price Index (INPC) will touch 3.3%, a level that is already within the annual inflation goal foreseen by the Bank of Mexico of 3%.
In contrast to this last result, the SHCP reported that the debt public of the country, hired by the government federal, will increase from 48.8 to 50.2% of the GDPbetween 2024 and 2025.
Dollar and oil price 2024/2025
The Pre-Criteria of Economic Policy establish the following economic variables:
- Dollar: 17.8 / 18 pesos
- Precio of the Petroleum: 71.3 / 58.4 dollars per barrel
- Production of raw (Pemex): 1 million 852 thousand / 1 million 863 thousand barrels per day
#sixyear #term #drop #growth #Treasury
2024-04-10 00:27:57
Member States are now bound to specific fiscal rules and specific fiscal targets. Main weight will be given to the primary expenses of the General Government (excluding interest expenses), the annual increase of which will be predetermined in cooperation with the European Commission.
Also, the primary deficit should be below 3% of GDP, the structural deficit should not exceed 1.5% of GDP, and public debt should be reduced by 1% of GDP per year for those states- members (such as Greece) have public debt above 60% of GDP.
However, according to economic factors, the country will have three “pros” in its “quiver” compared to previous years.
The first concerns the fact that while the old rules required member states with high levels of debt to reduce debt every year by 1/20 of exceeding 60% of GDP, the new rules require at least a 1% GDP reduction per year of debt on average.
The second is the reaching of the agreement (as requested by the Ministry of National Economy and Finance) on the exemption of defense expenditures, which will be taken into account in the event that the limits of net primary expenditures are exceeded. Then, it will be examined whether the said excess is due to defense spending.
And the most important, according to the same factors, concerns the records achieved by the country in terms of investment expenditures and private investments. Already this year, investments are estimated to fluctuate at particularly high levels, due to the funds of the Recovery Fund. From the 12.1 billion euros estimated this year (3.6 billion euros will come from the Recovery Fund and 8.55 billion euros from the PDE), the amount will increase in 2025 to 13.5 billion. €5.1 billion will come from the Recovery Fund) and to €15 billion in 2026 (€6.7 billion will come from the Recovery Fund ending that year). In 2027 and 2028 the PDE will be reduced by 50 million euros, to 8.5 billion euros per year.
At the same time, it is noted that an effort will be made to contain the expenses of the General Government. The expenditure for employees in the whole of the General Government is estimated to decrease from 14.73 billion euros this year to 14.69 billion euros in 2025 and to 14.71 billion euros in 2026. This fund increases to 14, 74 billion euros in 2027 and 2028. If there is no drastic change, the hiring rule (1:1 ratio of civil servants leaving) is expected to be maintained, with the aim of having high primary surpluses, as, following all, they are the obligation of the country as well.
Source: RES
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#aces #Greece #preparation #Medium #Term
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07:48[Guotai Junan: Capacity electricity prices will be officially implemented in 2024, and thermal power profitability stability is expected to be strengthened]Guotai Junan Research Report stated that under the industry chain price mechanism of “Changxie Coal-Market Power”, we believe that due to the early price existence at both ends Uncertainty, the market has large differences in the profit expectations of thermal power in 2024. According to our statistics, Jiangsu is currently the first province to announce its annual transaction results for 2024. Compared with the marginal changes in the transaction price, the more important significance of Jiangsu’s annual transaction lies in the formation of the electricity price anchor (according to the previous Jiangsu Electricity Trading Center’s “Notice on Carrying out Electricity Market Transactions in 2024”, Jiangsu’s provincial coal-fired units in 2024 In principle, the annual transaction power is regarding 80% of its grid power in 2023). We expect that with the gradual implementation of annual transaction electricity prices in various provinces in the near future, the gradual clarity of electricity price expectations will help reduce market concerns regarding the uncertainty of thermal power’s profitability in 2024; combined with the official implementation of capacity electricity prices in 2024, thermal power’s profitability stability is expected to be strengthened.
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#Guotai #Junan #Capacity #electricity #prices #officially #implemented #thermal #power #profitability #expected #stable