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Compared to Pakistan, exports of India and Bangladesh saw negative growth for Nov/Dec: PM Imran Khan

by Daily Patriot
January 7, 2021
in Top Stories
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Compared to Pakistan, exports of India and Bangladesh saw negative growth for Nov/Dec: PM Imran Khan
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  • Pakistan’s exports grew 8.32% and 18.30% in Nov, Dec 2020
  • India’s exports recorded negative growth of -9.07% in Nov and -0.80% in Dec
  • Bangladesh saw exports fall by 0.76% in Nov and -6.11% in Dec

ISLAMABAD: Prime Minister Imran Khan said on Thursday that regional export trends for November-December 2020 put Pakistan ahead of India and Bangladesh.

According to the data shared by the premier, Pakistan’s exports grew 8.32% in November 2020 and 18.30% in December 2020 on year-on-year. While India recorded a negative growth of -9.07% and -0.80% and Bangladesh saw its exports fall by 0.76% and -6.11% in November and December 2020 respectively. 

PM Imran Khan congratulated exporters and the Ministry of Commerce for “this achievement”.

I have received the regional export trends and this shows that, compared to our exports, the exports of India and Bangladesh for Nov/Dec 2020 showed negative growth. I wish once again to congratulate the exporters and the Ministry of Commerce for this achievement. pic.twitter.com/lpmZa6MOl5

— Imran Khan (@ImranKhanPTI) January 7, 2021

Coronavirus and the global economy

When 2020 dawned, the global economy had just notched its 10th straight year of uninterrupted growth, a streak most economists and government finance officials expected to persist for years ahead in a 21st Century version of the “Roaring ‘20s.”

But within two months, a mysterious new virus first detected in China in December 2019 – the novel coronavirus – was spreading rapidly worldwide, shattering those expectations and triggering the steepest global recession in generations. 

The International Monetary Fund estimates the global economy to have shrunk by 4.4% this year compared with a contraction of just 0.1% in 2009, when the world last faced a financial crisis.

Tags: coronavirus lockdownDaily Pakistandailythepatriotglobal economyIndia And Bangladesh Negative GrowthIndia's exports recorded negativePakistanPakistan Export
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