Bangladesh Economic Outlook
July 17, 2018An early estimate released by the Statistical Institute showed that the economy grew at an eight-year high of 7.7% in FY 2018. The acceleration was buttressed by strong global trade growth and remittance inflows. In recent weeks, the government secured USD 2.3 billion from various multilateral organizations and countries to modernize the country’s crumbling infrastructure. Infrastructure investment is a key component of government efforts to achieve the 7.8% growth target outlined in the budget for FY 2019, which started on 1 July. Political opponents and economic analysts, however, argue that this growth target is unrealistic without improving tax collection or increasing the fiscal deficit.
Bangladesh Economic GrowthWhile economic growth is expected to remain robust thanks to strong growth in exports and FDI inflows, downside risks remain. Bangladesh is vulnerable to natural disasters, and a high proportion of non-performing loans in the economy could hurt credit growth. Our panelists expect GDP to expand 7.1% in FY 2019, which is up 0.1 percentage points from last month’s forecast, and 7.0% in FY 2020.
Bangladesh Economy Data
5 years of Bangladesh economic forecasts for more than 30 economic indicators.
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|Exchange Rate||84.50||0.14 %||Jul 17|
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