The International Monetary Fund expects Pakistan inflation to rise sharply to 9.9% in 2027, up from 7.1% in 2026 and 4.5% in 2025, according to its latest World Economic Outlook.
Pakistan inflation, growth and current account
The IMF projects Pakistan’s GDP growth at 3.2% in 2025, 3.6% in 2026 and 3.5% in 2027. The current account is forecast to move from a surplus of 0.5% of GDP in 2025 to roughly flat in 2026 and a deficit of 1% of GDP in 2027.
Unemployment is expected to ease gradually, from 7.1% in 2025 to 6.9% in 2026 and 6.5% in 2027.
Global picture
For the world economy, the IMF sees growth slowing to 3.1% in 2026 before recovering to 3.4% in 2027. Global headline inflation is projected at 4.7% in 2026 and 4.1% in 2027. The Fund said risks to the outlook are tilted to the downside, including escalating conflicts, renewed trade tensions and fiscal vulnerabilities.
