Bangladesh Economy Growth
Bangladesh's economy is expected to grow by 6.5 percent in this
financial year, powered by better-than-expected exports and
money sent home by workers abroad, the Asian Development Bank
forecast Monday.
At a press briefing to mark the release of the economic update
on the country, head of ADB's Bangladesh mission Hua Du praised
the opposition Awami League's decision to join the parliament
and termed it 'a good sign for the country's economy'.
"Despite the recent fuel price increases, the subsidy remains
very high, about $ 520 million or 0.8 percent of GDP," the
report said, adding that losses of the Bangladesh Petroleum
Corporation (BPC) would also remain high, estimated at $ 380
million in this fiscal.
"We are very hopeful that the country would be able to achieve
the targeted GDP (gross domestic product) growth rate as some
sectors including agriculture, industry and service have been
performing well and showing positive trends," said the country
director of the Asian Development Bank (ADB) Hua Du.
Economics
Articles