WB estimates 6.5% GDP growth in FY 2015-16 | The Daily Star
02:31 PM, October 20, 2015 / LAST MODIFIED: 03:19 PM, October 20, 2015

WB estimates 6.5% GDP growth in FY 2015-16

The World Bank today projected the gross domestic product (GDP) growth in FY16 at 6.5 percent.  

The GDP growth rate however depends on variables like growth in consumption and export, according to the latest WB report on the country’s economy published today.

“FY15 GDP growth is estimated at 6.5 percent,” the report estimates, finding the country’s economy at a “stable” situation.

The report states, “Bangladesh's economy is on a stable path with a positive near-term macroeconomic outlook. The latest Bangladesh Development Update notes declining inflation, rising reserves, contained fiscal deficit and stable public debt.”

Saying that headcount poverty based on PPP US$ 1.25 per day is projected to have declined from 43.5 percent in 2010 to 38.4 percent in 2015, the WB recommends for sustaining GDP and remittances growth, creating jobs, contain inflation, and improve the quality of public service delivery to reduce extreme poverty and boost shared prosperity.

Zahid Hussain, lead economist of WB's Dhaka office read out the keynote paper on the occasion.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top