Fiscal Balance in Bangladesh
Bangladesh - Fiscal BalanceEconomic growth accelerated in fiscal year 2019, which ended in June, according to early GDP estimates. The external sector propelled the acceleration, as export growth soared and import growth slowed. This, alongside stronger remittance inflows, also helped to nearly halve the current account deficit. Conversely, domestic demand lost steam. Turning to FY 2020, remittances rebounded robustly in July after falling in June for the first time in seven months, which bodes well for private consumption growth in the first quarter. However, a one-third increase in natural gas prices and a new value-added tax on goods and services, both of which took effect on 1 July, could restrain consumer spending. Moreover, an ongoing dengue outbreak could hit economic activity, as thousands of people have been hospitalized across the country and over one hundred people have died so far.
Bangladesh - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.4||-3.1||-4.0||-3.4||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Fiscal Balance Chart
|Exchange Rate||84.50||0.14 %||Sep 04|
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