Pakistan PM: Growth to fall by 2.5 percentage points, inflation may double because of floods

Pakistani PM: Floods slow growth, raise inflation

ISLAMABAD — Pakistan’s prime minister is predicting that economic growth will fall by 2.5 percentage points because of this summer’s devastating floods.

Yousuf Raza Gilani also said Wednesday that inflation may hit 20 percent for the 2011 financial year, more than double its forecast.