JS-13 Bangladesh attains highest GDP growth in Asia; Kamal

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JS-13

GDP-GROWTH-ASIA

Bangladesh attains highest GDP growth in Asia; Kamal

DHAKA, June 3, 2021 (BSS) – Bangladesh has been able to attain real Gross Domestic Products (GDP) growth of 5.2 percent in the last fiscal year which is also the highest in Asia.

“In the last fiscal year, we have been able to achieve the real GDP growth of 5.2 percent which is highest in Asia,” he said.

The Finance Minister said this while placing the budget for FY22 in Jatiya Sangsad today.

“In spite of the pandemic, the government of Bangladesh, led by the able leadership of the honourable Prime Minister Sheikh Hasina, has been able to maintain the macroeconomic stability of the economy with prudent fiscal policy and accommodative monetary policy,” he said.

He said it is very encouraging for Bangladesh that both International Monetary Fund (IMF) and the World Bank have upgraded economic growth forecast for Bangladesh compared to their previous forecasts.

According to IMF, global economy will grow by 6.0 percent in real term in 2021 and 4.4 percent in 2022. Whereas, their forecast for Bangladesh is 5.0 percent in 2021 and 7.5 percent in 2022.

The World Bank forecasted global GDP growth at 4.0 percent and Bangladesh’s at 3.6 percent in FY2020-2021, and also forecasted Bangladesh’s GDP growth at 5.1 percent for FY2021-2022.

The Asian Development Bank has forecasted Bangladesh economy to grow by 5.5 to 6.0 percent in FY2020-2021 and 7.2 Percent in 2021-2022.

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