BMI downgrades growth forecast for Pakistan pharma market in 2nd-qtr 2010
Pakistan's macroeconomic indicators have deteriorated significantly since first-quater 2010. The rupee has depreciated against the US dollar, gross domestic product (GDP) projections have been downgraded, inflation has increased and fiscal expenditure has contracted, notes Business Monitor International's Pakistan Pharmaceuticals and Healthcare Report. Therefore, Pakistan's $1.61 billion pharmaceutical market is now expected to post a five-year compound annual growth rate of 8.95%, down from 9.39% forecast in the previous quarter.
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