microsoft office home and business 2019 downgrade

If the political elite were able to pause their bitter, ugly war for a while and concentrate on the economy the country might see a brighter light at the end of the tunnel. Moreover, some of these people who are at the very bottom of the food chain will bear the brunt of it all, as per the media portal.Īdditionally, Pakistan is also under fire thanks to the political instability in the country. And all this while inflation is very likely to stay above 20 per cent.Īll of this is cascading its effect on the common man who is going to have a very tough time. However, things will still get a lot worse before they start to get any better. In a bid to reverse its downgraded rating, the country will have to put in mammoth efforts. The situation as it stands currently, it seems like a far-reaching goal for Pakistan to revive investor confidence. Pakistan needs reserves to provide stability in the immediate term to its economy.

That's a very tough ask right now, reported Daily Times. They said that if appropriate actions are taken by the country's finance ministry then it can be brought back to the previous rating however, the big question remains how it will be done. The credible global ratings agencies have pointed out that Pakistan's finance ministry must pull up its socks to combat the economic fallout. The south Asian nation was clearly teetering at the brink of default.

Pakistan has a weak external position, high commodity prices, and is witnessing a huge slump in its currency in comparision to the US Dollar. ISLAMABAD: Citing the country's weakening economic position, Moody's, then Fitch, and now S&P Global - three major global rating agencies have downgraded Pakistan's long-term rating from stable to negative, according to media reports.

Microsoft office home and business 2019 downgrade