The WB attributed the overall deceleration in the first three quarters of FY25 to a sharp decline in private and public investment
Bangladesh’s economy started showing signs of a turnaround in the second quarter of the fiscal year, official statistics show, although economists caution that Trump’s tariff measures are likely to slow down the momentum.
The finance ministry is likely to project that the country’s gross domestic product (GDP) will surpass the $500-billion mark for the first time in the upcoming fiscal year (FY), anticipating an economic rebound in FY 2025-26.
Bangladesh’s economy grew by 4.22 percent in fiscal 2023-24 fiscal year, the lowest in four years, marking the second consecutive year of deceleration due to weak consumption and exports.
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.
“Per capita income is the income that is not seen by mass people but built on a few people.”
Bangladesh’s economy has grown 7.25 per cent in the outgoing fiscal year of 2021-22, powered by an expansion of manufacturing activities, according to the provisional data of Bangladesh Bureau of Statistics (BBS).
Over the last two decades, Bangladesh has achieved significant economic progress, epitomised by the fact that the country’s GDP, according to the World Bank, grew more than six-fold in real terms from $53.37 billion in 2000 to $324.24 billion in 2020.
After a downturn due to the ongoing Covid-19 pandemic, Bangladesh’s economy has been trying to get back on track and has succeeded in some cases.
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.
