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).
Finance Minister AHM Mustafa Kamal today said the GDP growth of the country would be higher than the government's estimate, not only the World Bank's projection.
The Centre for Policy Dialogue (CPD) has said today that Bangladesh’s GDP growth will be no more than 2.5 percent this fiscal year, and that poverty will soar by 35 percent.
Around 0.2 per cent to 0.4 per cent of Bangladesh’s Gross Domestic Product (GDP) growth rate may be lost due to Covid-19 outbreak, forecasts Asian Development Bank.
Finance Minister AHM Mustafa Kamal says Bangladesh could lose 1.1 percent of its GDP growth due to the coronavirus pandemic.
Finance Minister AHM Mustafa Kamal has criticised Centre Policy Dialogue (CPD) for its remarks that the ratio of private investment to GDP has been hovering around 23 per cent for the last few years.
The Asian Development Bank projects 8 percent GDP growth for Bangladesh for the current fiscal year. The multilateral lender said if Bangladesh can achieve the growth rate, it will be the highest in Asia.
World Bank (WB) is ready to help Bangladesh increase growth to double digit and it would provide all kinds of support for this, newly-appointed World Bank country director for Bangladesh and Bhutan says.
Bangladesh recorded the highest economic growth among a list of 26 countries in the last 10 years, according to The Spectator Index.
Finance Minister AHM Mustafa Kamal, in his budget speech, has projected the Gross Domestic Product (GDP) growth rate at 8.2 per cent in the proposed national budget for 2019-20 fiscal.
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.
