Improve law and order, rebuild trust with international partners
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
Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.
Govt must stabilise the economy, restore business confidence
Decision makers need to be very cautious regarding who they put up to dispassionately clear the mess.
The Washington-based lender said the economy would grow by 5.7 percent in 2023-24, lower than the 6 percent forecast in October. The gross domestic product (GDP) projection was 6.5 percent initially.
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
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’s economy slowed in fiscal 2022-23 although growth bounced back to 5.78 percent by the end of the year’s fourth quarter, government data shows.
S&P Global Ratings on Tuesday lowered Bangladesh's long-term rating outlook to negative from stable, citing risks the country's external liquidity position could deteriorate in the next year while foreign exchange reserves remain under pressure
The recent downgrade by Moody's of the credit ratings of Bangladesh’s economy and some private banks is not the only indicator that confidence is declining.
The government’s target for borrowing from the banking system in the next fiscal year is set to surpass the Tk 1 lakh crore mark for the second consecutive year amid the twin difficulties of raging inflation and shrinking foreign reserves.
The government is far away from achieving the major targets set for the current fiscal year when the national budget was unveiled in June last year, owing to its failures to assess the global scenario before fixing the goals, experts said.
Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.
The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.
We toy with the idea of change, but seek accommodation with the status quo.
The main focus of the FY24 budget must be on economic stabilisation.
The political climate is brewing steam. Here's a quick round-up of all the major stories today.
