Bangladesh economy to grow by 6.6% in FY23: ADB
The Asian Development Bank (ADB) expects the gross domestic product (GDP) of Bangladesh to grow by 6.6 per cent in the current fiscal year (FY 2022-23) because of fall in domestic consumption and demand_ export and remittance income as well as the sloth global economy.
ADB unveiled the forecast in its development outlook for September that was released at a press conference at the lender s Dhaka office on Wednesday. Edimon Ginting_ ADB's country director for Bangladesh addressed the briefing.
Bangladesh economy grew by 7.2 per cent in 2021-22 fiscal.
According to the ADB_ the average inflation may stand at 6.7 per cent in Bangladesh because of rising global food and fuel prices triggered by the Russian-Ukraine war.
Currently_ inflation has topped 7 per cent in the country over the past two months.
Addressing the event_ Edimon Ginting said investment would not be as expected amidst the uncertainty in global economy and because of fuel crisis.
As the government investment will also see downtrend_ he said urging the government to increase the revenue.
The ADB boss_ however_ thinks a 6.6 per cent growth is good for the economy.
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