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According to Muhammad Farooq Arby from State Bank of Pakistan, Pakistan has completed two business cycles since independence. First from 1949 to 1969. Second from 1969 to 1991. The third cycle has started in 1991. His research measures a business cycle starting from a peak, which should suggest that a third cycle expectedly should end in year 2004-5. He has analyzed data till 2001, further analysis needs to be done on real GDP for years beyond. I believe Pakistan in year 2010 should be in the fourth business cycle

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13y ago
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Q: What phase of the business cycle is the Pakistan in?
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