Exports and remittances have shown a rise within one-and-a-half months of his government, the prime minister says
Asian Development Bank projects 7.5% growth rate for Bangladesh in FY19
The Asian Development Bank has projected 7.5 percent economic growth for Bangladesh for the current fiscal year, slightly below than the government’s estimate of 7.8 percent.
Published : 26 Sept 2018, 07:06 AM
Updated : 26 Sept 2018, 02:16 PM
The growth will be achieved due to the increase in private sector investment, export and remittance, the bank said in its Asian Development Outlook 2018 released on Wednesday.
In its national budget announced in June, Bangladesh projected 7.8 percent growth for fiscal 2018-19.
However, Bangladesh’s GDP growth accelerated 7.86 percent in the past fiscal year, surpassing the estimate of 7.65 percent, according to the state-owned statistical agency BBS.
The Manila-based institution kept its 2018 economic growth estimate for the region at 6 percent in the update of its Asian Development Outlook.
But it trimmed the next year's forecast to 5.8 percent from 5.9 percent.
The ADB's 5.8 percent growth estimate for 2019 would be the slowest for the region -- made up of 45 countries in the Asia-Pacific region -- since it clocked a 4.9 percent growth in 2001.
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