The Bangladesh economy saw its lowest quarterly growth in three-and-a-half years in the first quarter of the fiscal year on the back of political upheaval and severe flood in August.
"We have made two clear decisions: we will allocate 5 percent of GDP to health and 5 percent to education. This is our commitment," Chowdhury said.
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
With a gross domestic product growth rate of nearly 5.8 percent in 2023, Bangladesh is one of the fastest-growing economies in the world. Driving Bangladesh’s prospects is our extremely active domestic consumer market, which accounts for nearly 70 percent of GDP and is rapidly expanding on the back of a growing middle and affluent class. Fuelling this growth is a digital economy that is also expanding rapidly.
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
In its foreign policy and international relations, the country has always advanced a free and open Indo-Pacific.
The government’s dependence on borrowing to finance national budgets has increased over the past decade as revenue collection has failed to keep pace with the ballooning public expenditure.
The government should target reducing demand through ensuring market-based interest and exchange rates as well as cutting allocation for infrastructure projects to rein in inflation and protect the foreign currency reserves, said economists yesterday.
Bangladesh’s revenue-GDP ratio is a third of the median seen in the countries that have the same credit rating, highlighting the country’s weak capacity to finance development and support growth, according to American credit ratings agency Fitch Ratings.
According to Bangladesh Bureau of Statistics' (BBS) provisional data, the economy is projected to grow at a rate exceeding 7 percent in the current fiscal.
The per capita income in Bangladesh will increase by 11.39 percent to $1,466 this fiscal year, according to the Bangladesh Bureau of
Bangladesh's gross domestic product (GDP) growth would exceed the 7 percent mark in the current fiscal year, according to provisional
Bangladesh will break away from the six percent growth “trap” by achieving 7.05 percent growth in this fiscal year, according to a top government body. Per capita income will rise by $150 and stand at $1,466, ministers discuss.
Banlgadesh’s growth for this fiscal will improve marginaly and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecasts.
Prime Minister Sheikh Hasina seeks all-out cooperation from engineers in attaining seven percent GDP growth this fiscal year saying that the key to development is in the hands of engineers.
The International Monetary Fund downgrades its forecast for global economic growth, expecting economic activity to increase 3.4% this year followed by 3.6% in 2017.
China's economy grows by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in a quarter of a century.
If we can further liberalise our trade by reducing tariffs and non-tariff barriers and by removing age-old regulations, our growth will exceed even 7 percent.
Japan's economy slid back into recession in July-September as uncertainty over the overseas outlook hurt business investment.
