Skip to main content

Posts

Showing posts with the label Economy

2012

2012 started ticking last night.  A year has come to an end and another starts spreading its sunshine for the next few months to come.  Mayans thought 2012 would be it.  What I find interesting is that some of us in this world are hell bent on making this come true.  This is the sad state of affairs that we are entering 2012 in.  I think if this world would just realize how precious this life on earth is it would be very helpful for all of us as a whole.  But then there would be no fun if everyone agrees with everyone else.  No movement forward.  Contrast and contradiction is indeed the essence of life. Then there is this concept of new year's resolution.  I could never personally grasp the idea of a resolution that is made at the beginning of the year.  I think we make resolutions every day and all those resolutions should carry the same level of importance in our mind, or it beats the purpose of making resolutions.  We decide abo...

Look Ahead: Economy

The elections are done and dusted with. The past is over and the future lies ahead of us. Foe a common Pakistani or for any common citizen of the world all the most important thing is the stability in the budget in his/her life. In the end that matters to most Pakistanis - and what lead to the fall of the previous administration - is infact, the cost of living and inflation in day to day use commodities. I was going through the Economist's Intelligence Unit's forecast for Pakistan. Things are not very encouraging. For the year 2008-09 the economist predicts , The continuing instability may begin to have a strongly negative effect on foreign investment inflows. The economy is also likely to suffer from a lack of effective policymaking caused by political strife. The GDP growth is expected to slow down to 5.4% for the present year and the next year. Inflation will exceed the 6.5 - 7.5% target range and is expected to average 7.9%. When we look at the outlook of the key eco...