Still struggling after five decades, Bangladesh has turned into a development paradox.
In April, the PMI fell to 52.9 from 61.7 in March
The October-December period posted highest growth in three quarters
The interim government of Bangladesh will likely revise the country’s projection of gross domestic product (GDP) growth to 5.25 percent from 6.75 percent for the current fiscal year of 2024-25..This issue was discussed at a fiscal coordination council meeting chaired by Finance Adviser Sal
The ADB has lowered its forecast for Bangladesh’s economic growth to 5.1 percent for the current fiscal year, primarily due to supply disruptions caused by political unrest in July and August 2024
The Asian Development Bank (ADB) is expected to provide $20.8 billion in loans to Bangladesh in the next four years as the country looks to accelerate economic growth and attain the upper-middle-income status in less than a decade.
The test of a country’s stability is to what extent it can remain insensitive to any sort of change of government or leadership.
Growth has been the constant in the journey of the Bangladesh economy over the last two decades. Starting from 2004, excluding the outlier year of 2020 when the world economy was severely affected by the Covid-19 pandemic, Bangladesh has maintained a growth rate of over five percent or more.
Bangladesh’s economy has been passing through a challenging time for the past two years amidst growing pressure on foreign exchange reserves, the sharp depreciation of the taka and an elevated level of inflation
The UN has predicted a steady economic growth for Bangladesh this year and the next year, but voiced concern over rising
