Bangladesh Economic Outlook
November 13, 2018The economy has performed well so far in FY 2019, which started in July. Remittances increased at a healthy annual pace in July–October, and these inflows have helped to reduce external imbalances, as reflected by a significant year-on-year narrowing of the current account deficit in July–August. Violence at the general elections scheduled for 30 December, however, could possibly disrupt economic activity, as it did in 2014. On 7 November, the ruling Awami League rejected the idea of a caretaker government being put in place prior to the elections, as demanded by the main opposition group, the Bangladesh Nationalist Party.
Bangladesh Economic GrowthThis fiscal year, economic growth is likely to slow but remain robust due to strong private consumption and investment. However, an uncertain political environment, risks of natural disasters, a shaky global trade environment and a struggling domestic banking system all cloud prospects. Our panelists expect GDP to expand 7.3% in FY 2019, which is unchanged from last month’s forecast, and 7.2% in FY 2020.
Bangladesh Economy Data
5 years of Bangladesh economic forecasts for more than 30 economic indicators.
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|Exchange Rate||83.78||0.14 %||Nov 15|
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