DHAKA, April 4 -- Bangladesh economy is expected to grow by 8.0 per cent in 2019-2020, likely recording the fastest economic growth in Asia and the Pacific, according to a new Asian Development Bank (ADB) report.
The latest Asian Development Outlook (ADO) 2019, ADB's flagship economic publication, forecasts that gross domestic product (GDP) of Bangladesh is expected to grow by 8.0 per cent in the FY 20 with robust private consumption, increased public investment, strong export performance, and expansion in industries.
The ADO 2019 says, favorable trade prospects are expected to continue despite a weaker global growth. Exports and remittances are likely to be further strengthened while strong public investment is envisaged due to continued...