MCCI projects $4.95b export in December

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka has projected that some economic indicators of the country might see an upward trend next month.

The country's export earnings, which are expected to be US$ 4.83 billion for this month (November), would stand at $4.95 billion in December, according to the MCCI.

Besides, the import value would also increase to $7.04 billion, and it might cross $7.05 billion in December.

The country's premier trade-body made the projections in its Review of Economic Situation in Bangladesh for July -September period of 2021 (Q1 of FY 22).

Besides, the volume of inward remittance might stand at or even cross $1.65 billion next month, the MCCI projected.

The trade organization also projected the rate of point-to-point inflation to be 5.50 percent at the end of this month.

The inflation would come down to 5.40 percent at the end December, it added.

On the other hand, the country's foreign exchange reserve might reach $46.58 billion at the end of next month, according to the MCCI.