Govt sets 7.4% GDP growth target

The government set a target of 7.4 percent GDP growth for the next fiscal year.

“GDP growth rate will be 7.4 percent in FY 2017-18 and inflation will come down to 5.5 percent by the end of the fiscal year,” Finance Minister AMA Muhith said in his Budget Speech 2017-18.

On May 14, the government announced that the country's GDP growth would hit a record 7.24 percent in the outgoing fiscal year.

However, the World Bank stuck to its earlier growth projection of 6.8 percent.

Another multilateral lender, the Asian Development Bank in April, 2017, predicted that Bangladesh's economy would grow 6.9 percent this fiscal year.

In the same month, the International Monetary Fund made a similar projection.