Before calling out anyone else's "stupidity", do check your own first.
Pakistan's Nominal GDP - PML-N
Year | Nominal GDP |
2013 | $258.674 billion |
2018 | $356.163 billion |
Growth | $97.489 billion |
Pakistan's Nominal GDP - PTI
Year | Nominal GDP |
2018 | $356.163 billion |
2022 | $374.85 billion |
Growth | $18.687 billion |
Source: IMF World Economic Outlook - October 2024
PTI Shaikh Chillis keep telling us that the economy grew by 6% during the last year of incompetent PTI's tenure but they keep forgetting to tell us how much the nominal GDP had shrunk for two years straight prior to that.
Pakistan's Nominal GDP - 2018-2022
Year | Nominal GDP | Change | Comment |
2018 | $356.163 billion | N//A | N/A |
2019 | $321.07 billion | - $35.092 billion | Decline |
2020 | $300.41 billion | - $20.661 billion | Decline |
2021 | $348.481 billion | $48.071 billion | Growth |
2022 | $374.85 billion | $26.369 billion | Growth |
Source: IMF World Economic Outlook - October 2024
FYI - If I exclude 2022, then the nominal GDP under incompetent PTI had shrunk by $7.682 billion to what it was in 2018.
So, if you walk 7 feet back, then move 6 feet forward, you're still 1 foot behind. Saying, you had advanced 6 feet but ignore retreating 7 feet in the first place is disingenuous.
Now, you may want to do some Crona Rona Dhona but here's bit of fun for you.
Morgan Stanley Capital International (MSCI)
Year | Status | Comment |
1994 | Emerging Market | Added |
2008 | Frontier Market | Downgraded |
2017 | Emerging Market | Upgraded |
2021 | Frontier Market | Downgraded |
Source: Google
Never argue with a fool, onlookers may not be able to tell the difference.
As a Macroeconomist learned person from Harvard, and the top professor from Harvard who worked with me but can't share what we did for the uplift of Pakistani economy during covid time, as its useless and waste of my precious time.
This is going to be my last post dealing with a person who does not understand macroeconomics,
i can share few things and then you can see my statement up about dealing with people like you unfortunately, i am answering with bullet points and debunking your lies or in better terms, lack of knowledge.
1. Its a fact that Pakistani economy grew at 5.7% during Covid time, third highest growth in the world, let it sink in for the readers.
2. Nominal GDP fell, PKR that was pegged artificially, was brough to market rate. I will ask the audience to learn about how transparency in currency was brought in during IK time. no lying like delusional corrupt times of artificially trying to peg PKR to $.
3. the Real GDP was setup to grow strongly, GDP at 6% in 2022 based on policies setup IK
in 2021. Nominal GDP will fall as Rs devalued due to letting it setup based on market value.
4. Per capita growth, i will call it mixed, as it was hurt by inflation but cushioned.
5. External balance improved from worsened condition, which was still a weakness.
your post @Pakistan Space Agency, deliberately substitutes FX math for growth economics. That’s not analysis, it’s rhetoric.
6. Two Years of Shrinkage, Context Matters. Yes, it shrank, FY2019–FY2020 were contractionary by design due to IMF stabilization plus COVID shock, this was front-loaded pain, not incompetence. Without that, reserves would have collapsed earlier, default risk would have materialized sooner and Import compression would have been chaotic.
7. your claim, MSCI downgrade is not an economic verdict, as MSCI classification depends on market liquidity, capital controls and FX repatriation rules. It is not a verdict on, GDP growth, employment stabilization, Industrial output and domestic demand. Using MSCI to “prove” economic failure is technically wrong.
I will suggest, never argue with a learned person on this subject but to be humble and learn from him, you will grow and will do well in life.
For the rest of the audience, i will say avoid dealing with supporters of corrupt and they love being a slave than freedom loving people. @ARMalik included.
. Don't change the article title to support your narrative.
