WB forecasts 5.1pc GDP growth in Bangladesh
Published: 05:47 PM, 9 June 2021 Updated: 05:48 PM, 9 June 2021
The World Bank (WB) has forecasted Bangladesh’s GDP likely to reach 5.1 percent in the coming fiscal year; File Photo
The World Bank (WB) has forecasted Bangladesh’s Gross Domestic Product (GDP) growth could reach a maximum of 5.1 percent in the coming fiscal year.
The forecast was given in the “World Economic Prospects” report on Tuesday.
According to a World Bank report, 5.1 percent growth in the next fiscal year will depend on normal economic activity, controlled inflation and growth in garment-product exports.
The World Bank report also said that the world’s average growth in 2021 could be 5.6 percent. There has not been so much growth in the post-recession period in the last 60 years - because the economies of some big countries of the world are turning, however, developing countries are still struggling with Covid-19.
Meanwhile, Finance Minister AHM Mustafa Kamal has set a target of GDP growth of more than 6.1 percent in the current fiscal year (2021-22).