March 28, 2024, 7:37 pm


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Published:
2018-05-20 20:17:11 BdST

BD economy to register 7.10pc growth: UN


FT ONLINE

Bangladesh economy is going to post 7.10 per cent growth in the current fiscal year, the United Nations says.

The World Economic Situation and Prospects 2018, released by the United Nations, made the projection.

“Bangladesh economy is set to continue expanding at a rapid pace, underpinned by strong domestic demand, especially large infrastructure projects and new initiatives in the energy sector,” said the report.

It also mentioned that the growth of Gross Domestic Product (GDP) is expected to remain above 7.0 per cent in 2018 and 2019.

The report also projected that the annual rate of inflation would be 5.4 per cent in the current year.

“In 2017, inflation declined to record lows in India and Nepal, while it remained relatively muted in comparison to historical figures in Pakistan, Bangladesh and the Islamic Republic of Iran,” the report added.

“The fiscal deficit has recently expanded in Pakistan, and it continues to be moderately high in Bangladesh, at about 5 per cent of GDP,” it further added.

The report is a joint product of the United Nations Department of Economic and Social Affairs (UN/DESA), the United Nations Conference on Trade and Development (UNCTAD), and the five United Nations regional commissions – Economic Commission for Africa (ECA), Economic Commission for Europe (ECE), Economic Commission for Latin America and the Caribbean (ECLAC), Economic and Social Commission for Asia and the Pacific (ESCAP) and Economic and Social Commission for Western Asia (ESCWA).

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