GDP growth
Post-Covid challenges for our labour market
Specific policy incentives are needed to stimulate the economy and revive the labour market.
Why is Bangladesh booming?
Bangladesh has become one of Asia's most remarkable and unexpected success stories in recent years. Once one of the poorest regions of Pakistan, Bangladesh remained an economic basket case—wracked by poverty and famine—for many years after independence in 1971. In fact, by 2006, conditions seemed so hopeless that when Bangladesh registered faster growth than Pakistan, it was dismissed as a fluke.
How to benefit more from GDP growth
At a recent press conference, representatives of the World Bank (WB) questioned the 7.65 percent economic growth estimate and the estimate of 7–8 percent growth of domestic demand that the Bangladesh Bureau of Statistics (BBS) came up with for FY17-18. Zahid Hussain, lead economist of the WB's Dhaka office, said there are two causes that could lead to such a spike (growth of employment and labour
Minister shocked over GDP growth forecast by WB, ADB
Planning Minister AHM Mustafa Kamal is shocked over the downsized projection by the development partners (DP) on the country’s economic growth in the current fiscal year.
ADB projects 7pc GDP growth for FY18
The Asian Development Bank projects 7 percent economic growth for Bangladesh for the current fiscal year, much below than the government’s provisional estimate of 7.65 percent.
Record growth in tough year
Bangladesh has achieved a record economic growth of 7.28 percent in the last fiscal year despite a fall in rice production and also in industrial growth. The gross domestic product rose by 0.17 percentage points in fiscal 2016-17 from 7.11 percent in the previous fiscal year, according to Bangladesh Bureau of Statistics data.
GDP growth 7.28% in 2016-17: Govt
Bangladesh has ascertained its growth for the last fiscal at 7.28 percent, highest ever in history of the country’s economy and more than what was targeted.
Budget an economic illusion: CPD
Debapriya Bhattacharya, the distinguished fellow of CPD, terms the proposed budget for the FY 2017-18 as “economic illusion” saying that there is no clear indication between income and expenditure in it.
Big dream, grim reality
Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.
The price of non-governmental growth
It is well known that since the 1980s, Bangladesh has made astonishing progress on a wide variety of development indicators such as reducing the prevalence of extreme hunger and poverty...
WB warns of water scarcity-driven growth curb
Water scarcity, exacerbated by climate change, could cost some regions up to 6 percent of their GDP, spur migration, and spark conflict, World Bank says in a report.