Bangladesh's GDP to grow at 5.6%, says World Bank
Dhaka, April 2 -- The World Bank says that, despite its strong turnaround in the post-COVID-19 economic recovery process, the economy is facing disruptions due to inflationary pressure and other factors.
As a result, the growth rate of Bangladesh Gross Domestic Product (GDP) may be 5.6 percent in the current fiscal year, the organisation said at a press conference on Tuesday.
The WB released the Bangladesh Development Update at its offices in Dhaka's Agargaon, noting that the high inflation rate, persistent foreign trade deficit, weakness in the financial sector and global economic uncertainty are disrupting the continuation of the economic recovery process.
The persistent inflation has eroded purchasing power, while tight liquidity co...
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