Bangladesh Economic Outlook
May 21, 2019
The economy should have accelerated this fiscal year, which ends in June, according to the Central Bank’s preliminary estimates; Consensus Forecast panelists, however, are still adjusting their forecasts to accommodate this new information. A near-doubling in the expansion of exports has supported economic growth, while consumption and fixed investment growth have both moderated. The early Central Bank figures are unlikely to be significantly downgraded following Cyclone Fani, which hit Bangladesh on 4 May; while the cyclone wreaked havoc, most of the over one million people who took shelter from it in the morning had returned home by the afternoon, with the UN praising government authorities for their “significant preparedness and immediate response”.Bangladesh Economic Growth
In fiscal year 2020, which begins in July, economic growth will likely edge down, partly due to a high base effect. Moreover, the continued risk of natural disasters looms large over the economy, while a weak global trading environment and a struggling domestic banking system compound downside risks. Our panelists expect GDP to expand 7.4% in FY 2020, which is up 0.1 percentage points from last month’s forecast, and 7.2% in FY 2021.Bangladesh Economy Data
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Bangladesh Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 84.53 | 0.14 % | Jun 13 |
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