Daffodil International University
Faculties and Departments => Business & Entrepreneurship => Commerce => Topic started by: Showrav.Yazdani on February 19, 2020, 10:18:36 PM
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On September 25, the Asian Development Bank (ADB) projected 8% GDP growth in Bangladesh
The World Bank (WB) has projected 7.2% gross domestic product (GDP) growth for Bangladesh in the current fiscal year (FY2019-20), while 7.3% in the following fiscal year.
Bangladesh, the third-largest economy in the region, fared better than India and Pakistan, with the growth officially estimated at 8.1% in FY2018-19, said the World Bank in its Global Economic Prospects published on Thursday.
On July 31 last year, Bangladesh Bank in its one-year monetary policy statement (MPS) for FY2019-20 hoped to achieve the 8.2% GDP growth keeping the inflation rate within 5.50%, reports UNB.
On September 25, the Asian Development Bank (ADB) projected 8% GDP growth in Bangladesh.
The growth in Bangladesh is projected to remain above 7% through the forecast horizon.
A solid macroeconomic framework, political stability, implementation of planned public infrastructure projects, and ongoing reforms to improve the business environment underlie this projection, said the report.
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