KARACHI: Pakistan has been predicted to be the world’s fastest growing Muslim economy in 2017, estimated financial indicators published by The Economist suggested on Tuesday.
According to the details, Pakistan’s Gross Domestic Product (GDP) growth – +5.3pct – is ahead of Israel’s +4.0pct growth rate. Keeping in view the GDP growth, Pakistan also becomes the fifth fastest growing world economy, only behind four other countries.
The four other world economies ahead of Pakistan are: India (+7.5pct), Vietnam (+6.6pct), China (6.4pct), and Philippines (+6.4pct).
Pakistan also beats major Muslim economies in the list: Indonesia (+5.2pct), Malaysia (+4.6pct), Egypt (+4.0pct), and Turkey (+2.9pct).