GDP growth
IMF defends revising down GDP forecast
International Monetary Fund (IMF) has defended revising down its forecast for Bangladesh’s GDP growth in fiscal year 2023-24, saying it was “pretty reasonable” amidst various ongoing challenges, including elevated inflation.
IMF cuts Bangladesh’s economic growth forecast to 6%
The International Monetary Fund (IMF) has revised down growth forecast for Bangladesh’s economy to 6 percent for the fiscal year 2023-24, lower from its previous projection of 6.5 percent.
ADB raises growth forecast for Bangladesh’s economy to 6% for FY23
The latest forecast by the Manila-based multilateral lender is close to the estimate by the Bangladesh Bureau of Statistics (BBS) at 6.03 percent for the FY23.
Private sector’s foreign loan repayment to drop 42% in 2023
The Bangladesh Bank has projected that loan repayments against mid- and long-term foreign credits secured by the private sector might fall by 42.6 per cent in 2023, but the development might not bring about major relief for an economy reeling under the forex crisis.
Bracing for budget of self-preservation
In 2019, when AHM Mustafa Kamal took charge as the finance minister, the Bangladesh economy was taxing for take-off for its long-haul flight to the developed country club.
What to look for in the FY 23-24 Budget
Amidst the steep rise in commodity prices, and a sky-high aspiration of sustaining GDP growth, what are the major challenges of creating an effective budget for Bangladesh this year? What should we look for from the FY 23-24 budget?
Credit growth slips to 14-month low
Private sector credit growth in Bangladesh dropped to a 14-month low of 11.23 per cent in April owing to weak credit demand amid the current business slowdown, official figures showed.
Reining in inflation top priority
The government is going to unveil a Tk 7,61,785 crore budget for the next fiscal year on Thursday, setting containment of high inflation as a major target.
Fixing the learning gaps caused by Covid-19
The government has to invest in good education; a meagre two percent of the nation’s GDP is not going to create a "Smart Bangladesh."
IMF cuts Bangladesh's GDP growth forecasts to 6.4%
The International Monetary Fund has revised down its economic growth projection for Bangladesh to 6.4 percent for the current fiscal year largely because of Russia-Ukraine war and supply chain disruptions.
GDP growth would be higher than govt's estimate, not only World Bank's projection: Kamal
Finance Minister AHM Mustafa Kamal today said the GDP growth of the country would be higher than the government's estimate, not only the World Bank's projection.
BB unveils a cautiously optimistic monetary policy
The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.
Bangladesh: From a take-off stage to actual take-off
Budget implementation capacity of Bangladesh has been falling consistently for the last seven fiscal years, exposing poor capacity of government agencies, The Daily Star reported on June 4, 2018. Despite a sustained increase in GDP growth rate for over a decade, the implementing capacity has dropped from 97 percent in 2010-11 to a mere 78 percent in 2016-17, it further adds.
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.
