GDP growth is expected to bounce back to 6% in FY26
The growth is 1.6 percentage points lower than the provisional estimate
The Asian Development Bank (ADB) has projected Bangladesh’s GDP growth rate to slow to 4.3 percent in fiscal year (FY) 2025, reflecting a subdued outlook amid political uncertainty, supply disruptions and tight monetary policy.
The GDP growth target may be brought down to 5.25 percent in the revised budget for the current fiscal year due to the damage caused by multiple floods and the interim government’s contractionary monetary policy to contain high inflation.
Bangladesh recorded its lowest economic growth in the past five quarters in the last quarter of fiscal 2023-24 due to contractionary monetary and fiscal policies to tackle the dwindling forex reserves and high inflation.
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
Bangladesh’s economy has grown at a faster pace, albeit marginally, in the current fiscal year than the previous one although the production of industrial goods and agricultural commodities recorded reduced growth.
International Monetary Fund (IMF) has defended revising down its forecast for Bangladesh’s GDP growth in fiscal year 2023-24, saying it was “pretty reasonable” amidst various ongoing challenges, including elevated inflation.
The International Monetary Fund (IMF) has revised down growth forecast for Bangladesh’s economy to 6 percent for the fiscal year 2023-24, lower from its previous projection of 6.5 percent.
Water scarcity, exacerbated by climate change, could cost some regions up to 6 percent of their GDP, spur migration, and spark conflict, World Bank says in a report.
World Bank expresses doubt about the 7.05 percent provisional estimate for Bangladesh’s GDP growth for 2015-16 fiscal year. The question is whether the official estimate is consistent with other growth-related indicators, says Zahid Hussain, the lender's lead economist.
Imagine a world where you earn a decent living, the state treats you with fairness, there is little carbon emission in the environment...
The central bank has cut its policy rates for the first time in three years in an effort to spur investment and the GDP growth.
It is often said that numbers do not lie, but when it comes to the Bangladesh economy, the saying appears to be on shaky grounds.
Expressing dissatisfaction over government's failure to ensure good governance, Rashed Khan Menon saysthe country's GDP growth rate will rise by 2.5 percent if corruption can be curbed effectively.
Bold and aggressive measures are needed to establish specialised economic zones to attract private investment. Large scale public investments are required for special economic zones. Thus, the call for very ambitious growth target for revenue seems justifiable.
We shall invariably see that the Defence Budget will be 'Guillotined' in the evening of June 30 with no discussion on the subject. Military issues have often been shrouded under the cloak of secrecy.
Though there are many views on 'inclusive growth', the key consensus is that inclusive growth is a growth process which reduces poverty, inequality and social exclusion and promotes 'decent' jobs and economic and social cohesion.
One of the key determinants behind this growth rate has been the accumulation of capital (i.e., investment). The regulatory environment for business in a country can have a direct impact on this...
