Bangladesh's GDP to grow 6.55pc, says Bloomberg | The Daily Star
12:00 AM, October 23, 2015 / LAST MODIFIED: 12:00 AM, October 23, 2015

Bangladesh's GDP to grow 6.55pc, says Bloomberg

Bangladesh's economy will grow 6.55 percent in the current fiscal year, according to a survey by Bloomberg News.

The growth forecast of the US-based media outlet is the same its previous prediction in February.

The estimate is the median of forecasts from four economists for Bangladesh's economic indicators. They were surveyed from October 16 to 20.

The economists, however, cut their GDP (gross domestic product) growth forecast for the next fiscal year of 2016-17 to 6.6 percent from 6.65 percent earlier.

On Tuesday, the World Bank predicted that Bangladesh's economic growth will be 6.5 percent this fiscal year.

Earlier this month, the International Monetary Fund upgraded Bangladesh's economic growth forecast to 6.8 percent from 6.5 percent in April. The Asian Development Bank said the country's GDP will grow 6.7 percent this year.

The country's economy grew 6.5 percent last fiscal year, according to Bangladesh Bureau of Statistics.

The government has targeted 7 percent economic growth in the current fiscal year that will end in June next year.

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