The federal government has admitted that Pakistan’s nascent economic recovery is faced with downside risks owing to the second wave of Covid-19 at home as well as in major trading partners though inflationary pressures are easing out.

“Looking at the impact of the ongoing coronavirus, the downside risks are becoming prominent,” stated the monthly economic update and outlook for November report of the finance ministry.

Economic recovery that had started since the beginning of the new fiscal year continued in October, but effects on the economic outlook would depend on the intensity and duration of restrictions being imposed on some sectors and areas of economy, it said.

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