The government has planned a Tk 8.48 lakh crore budget for the next fiscal year, up 6.3 percent from this year’s budget, as it looks to usher in a period of moderate growth and low inflation.
The fluctuation indicates that the growth of the economy, when measured in dollars, has been lower than initially projected, due to the weakening of the taka.
Bangladesh’s gross domestic product grew 5.78 percent in the last financial year, one of the slowest paces of expansion in 13 years, as consumption nosedived, according to the final figures published by the Bangladesh Bureau of Statistics (BBS).
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
We toy with the idea of change, but seek accommodation with the status quo.
The International Monetary Fund has revised down its economic growth projection for Bangladesh to 6.4 percent for the current fiscal year largely because of Russia-Ukraine war and supply chain disruptions.
Graduates struggle to find jobs, with more than a third of them remaining unemployed one or two years after graduation, said the World Bank in its latest report -- a damning evidence of the poor state of the country’s education system.
World Bank (WB) has forecasted the Gross Domestic Product (GDP) growth rate of Bangladesh at 7.2 per cent for the fiscal year 2019-20, while government’s projection for the same fiscal year in the national budget was 8.2 per cent.
Indian Prime Minister Narendra Modi once said that growth that is not inclusive is not meaningful but just economic figures. And this proclamation seems to be gradually becoming relevant for Bangladesh.
The government has planned a Tk 8.48 lakh crore budget for the next fiscal year, up 6.3 percent from this year’s budget, as it looks to usher in a period of moderate growth and low inflation.
The fluctuation indicates that the growth of the economy, when measured in dollars, has been lower than initially projected, due to the weakening of the taka.
Bangladesh’s gross domestic product grew 5.78 percent in the last financial year, one of the slowest paces of expansion in 13 years, as consumption nosedived, according to the final figures published by the Bangladesh Bureau of Statistics (BBS).
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
We toy with the idea of change, but seek accommodation with the status quo.
The International Monetary Fund has revised down its economic growth projection for Bangladesh to 6.4 percent for the current fiscal year largely because of Russia-Ukraine war and supply chain disruptions.
Graduates struggle to find jobs, with more than a third of them remaining unemployed one or two years after graduation, said the World Bank in its latest report -- a damning evidence of the poor state of the country’s education system.
Graduates struggle to find jobs, with more than a third of them remaining unemployed one or two years after graduation, said the World Bank in its latest report -- a damning evidence of the poor state of the country’s education system.
World Bank (WB) has forecasted the Gross Domestic Product (GDP) growth rate of Bangladesh at 7.2 per cent for the fiscal year 2019-20, while government’s projection for the same fiscal year in the national budget was 8.2 per cent.
Indian Prime Minister Narendra Modi once said that growth that is not inclusive is not meaningful but just economic figures. And this proclamation seems to be gradually becoming relevant for Bangladesh.
