An Analysis of Pakistan's Macroeconomic Situation and Prospects

Jesus Felipe () and Joseph Lim
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Joseph Lim: Ateneo de Manila University

No 136, ADB Economics Working Paper Series from Asian Development Bank

Abstract: During the latter part of 2007 and early 2008, it became obvious that Pakistan’s macroeconomic situation was deteriorating rapidly, and that unless immediate measures were taken, the country may slip into a balance of payments crisis. This paper analyzes Pakistan’s current macroeconomic economic situation, in particular the sizeable budget and current account deficits. It also discusses the effects of the surge in food and oil prices. The paper also evaluates the government’s response to the deteriorating conditions and proposes a number of policy measures.

Keywords: balance of payments crisis; current account deficits; food and oil prices; macroeconomic situation; policy measures (search for similar items in EconPapers)
JEL-codes: E60 F32 H62 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2008-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0136

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