Lahore School of Economics: June 2021

Will the budget deliver?
June 26, 2021

Rashid Amjad

The good news — though dampened by continuing high inflation — is that the economy is showing distinct signs of moving out of the deep downturn caused by the Covid-19 crisis, and is generating growth momentum and rising business confidence. The challenge now is to ensure that this economic upturn is converted into not just sustained and higher growth, but also inclusive growth that generates jobs with rising wages and incomes.

Experience suggests that the odds are stacked against it. Over the last three decades, successive governments have raised hope, only to have it dashed by the very policies they have followed to stimulate growth. What is the government doing differently this time to avoid a similar outcome?

Labels: Lahore School, Pakistan Economy