Bangladesh Economic Outlook
June 19, 2018Preliminary data showed that the economy grew 7.7% in FY 2018, marking the sixth consecutive fiscal year of faster growth. Growth in the manufacturing sector driven by strong overseas demand, a double-digit expansion in fixed investment and an acceleration in private consumption supported by healthy remittance inflows large drove the acceleration. The government is hoping to sustain the strong economic momentum, unveiling in the FY 2019 budget an ambitious growth target of 7.8%. It hopes to attain faster growth by attracting FDI inflows in key sectors such as power generation and manufacturing, by creating special economic zones and by setting up a large public infrastructure investment program.
Bangladesh Economic GrowthExpectations that overseas demand will decelerate this year and next will, however, drag on growth prospects. The country’s widening fiscal and current account deficits, furthermore, make it vulnerable to economic shocks, including capital outflows. Our panelists expect GDP to expand 7.0% in FY 2019, which is unchanged from last month’s forecast, and 6.9% in FY 2020.
Bangladesh Economy Data
5 years of Bangladesh economic forecasts for more than 30 economic indicators.
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|Exchange Rate||83.80||0.14 %||Jul 13|
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