business

April 15, 2020

COVID-19 bound to weaken economic activity, consumer demand: State Bank

KARACHI: The State Bank of Pakistan on Tuesday painted a bleak picture of the economy inflicted with the novel coronavirus-led slowdown despite that stabilisation measures started to yield positive results in the recent past.SBP said the global and domestic spread of COVID-19 brought an exceptional set of challenges for the country. “The spillovers from the global economy and the infection-containment measures in the country are bound to weaken the economic activity and consumer demand and...