Pakistan, July 10 -- We have made a quarterly update of the estimated impact of the Coronavirus pandemic on Pakistan's GDP and employment. Using a General Equilibrium Macro (GEM) model for the Pakistan economy developed at the Lahore School of Economics.

For a three-month lockdown scenario, for March to May 2020, annual GDP growth for the calendar year 2020 is now expected to contract by3.2%.Annual job loss over 2020, is now estimated at 1.6 million. With the majority of 1.3 million jobs being lost in the informal economy, and 0.3 million in the formal economy.

For a six-month lockdown scenario, for March to August, with a more prolonged and graduated easing in the lockdown over these six months, annual GDP growth is now expected to con...