Dhaka, April 16 -- The International Monetary Fund has further cut its real GDP growth forecast for Bangladesh in fiscal 2023-24 to 5.7 percent from its previous projection of 6 percent.

The IMF updated its predictions from October in its latest global outlook report released on Tuesday.

In the report a year ago, it had put Bangladesh's growth outlook at 6.5 percent.

The Bangladesh government set a growth target of 7.5 percent in the budget for FY24.

But economists doubt if the target can be achieved amid high inflation and a persistent dollar crisis.

The IMF projected that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year.

Although the projected rate is lower than the 9.7 percent rise in FY23, it...