WB projects 7.2% GDP growth for Bangladesh in FY19-20

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Offline Showrav.Yazdani

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WB projects 7.2% GDP growth for Bangladesh in FY19-20
« on: February 19, 2020, 10:18:36 PM »
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.

Offline Raisa

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Re: WB projects 7.2% GDP growth for Bangladesh in FY19-20
« Reply #1 on: July 28, 2021, 09:58:04 AM »
 :)
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