Bangladesh Economic Outlook
October 18, 2016The Bangladeshi economy is performing well, despite some external headwinds constraining the potential expansion. Private consumption continued to be fundamental for the economy in FY 2016, fueled by low price pressures and higher public sector wages, and exports also performed solidly. However, due to the economic deadlock in the Gulf countries caused by the commodities crisis, Bangladesh is lacking an important inflow of remittances that could give a further boost to household consumption. More than half of its total remittances come from the Arab peninsula.
Bangladesh Economy Data
5 years of Bangladesh economic forecasts for more than 30 economic indicators.
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|Exchange Rate||78.51||-0.01 %||Oct 26|
Bangladesh Economic Growth
October 18, 2016The economic prospects for FY 2017 remain solid; economic growth is expected to decelerate slightly from the previous fiscal year’s expansion, but it will still be supported by growing industrial production and government-backed investment. Panelists polled by FocusEconomics project that the economy will expand 6.8% in FY 2017, which is unchanged from last month forecast, before increasing 6.9% again in FY 2018.