Bangladesh Economic Outlook
January 23, 2018The economy showed resilience last year despite facing significant challenges including country-wide flooding in August, which took a heavy toll on infrastructure and crop development, and the accommodation of hundreds of thousands of Rohingya refugees. On 16 January, the governments of Bangladesh and Myanmar put a two-year time frame on the refugee repatriation process, set to begin by 23 January—however, the UN raised human rights concerns associated with this process. Meanwhile, although strong year-on-year export growth was recorded in the period July-to-November, a surge in imports led to a deterioration in the trade balance. And, although worker remittance inflows were strong in December, there was a decrease in 2017 overall compared to 2016.
Bangladesh Economic GrowthDespite difficulties caused by flooding last year and the ongoing accommodation of refugees, the economy is expected to perform well this year, supported by growth in exports and remittance inflows. FocusEconomics panelists expect GDP to expand 6.9% in FY 2018, which is unchanged from last month’s forecast. In FY 2019, they expect GDP to again rise 6.9%.
Bangladesh Economy Data
5 years of Bangladesh economic forecasts for more than 30 economic indicators.
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|Exchange Rate||83.00||0.14 %||Feb 19|
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