Pakistan Economy Stabilizes Amid Persistent Risks Despite Rating Upgrade

Little to celebrate

BY now it has become almost tedious to read the same assessment from every global credit rating agency and lender — Pakistan’s economy has stabilised, but risks remain. Moody’s commentary on the country’s economy accompanying its latest upgrade is simply a repetition of this review dressed up in a new number. And that tedium is itself the story: an economy that keeps producing the same verdict year after year is hardly holding steady; in fact, it is stuck. Macroeconomic indicators may not be ...

By [email protected] (Editorial)