Pakistani PM: Floods slow growth, raise inflation

[September 01, 2010]  ISLAMABAD (AP) -- Pakistan's prime minister is predicting that economic growth will fall by 2 percentage points to 2.5 percent 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.

[Associated Press]

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