The country’s first metro rail, once launched, will save around Tk 3,500 crore annually in terms of travel time and vehicle operation costs, metro rail authorities said.
While official data portrays the burgeoning growth of Bangladesh’s economy, tax collection relative to the gross domestic product (GDP), a measure of the size of the economy, shows an almost opposite trend.
The Bangladesh economy is forecast to achieve the second highest growth rate this fiscal year in South Asia, the World Bank said in its biennial regional economic update yesterday.
Bangladesh’s economy is forecasting to grow faster than all countries in South Asia except Bhutan in the current fiscal year, World Bank says.
Finance Minister AHM Mustafa Kamal has said Bangladesh will achieve a double-digit growth within the next five years.
The Asian Development Bank projects 8 percent GDP growth for Bangladesh for the current fiscal year. The multilateral lender said if Bangladesh can achieve the growth rate, it will be the highest in Asia.
We know from growth accounting that GDP growth can be broken into growth in the labour force and growth in labour productivity.
Bangladesh’s economy will grow at 8 per cent in the fiscal 2019, Asian Development Bank has said in its bright outlook for the economy.
Bangladesh's economy has grown 8.13 per cent this fiscal year, the highest in its history, says Finance Minister AHM Mustafa Kamal while releasing a provisional estimate.