World Bank elevates Bangladesh's economic outlook after vaccine rollout
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Dhaka, March 31 -- Bangladesh's gross domestic product is expected to increase by 3.6 percent in fiscal 2021, compared to its earlier forecast of 2 percent, according to the report, the South Asia Economic Focus South Asia Vaccinates. The economy is forecast to grow 5.1 percent in the next fiscal year.
The report shows that the region is set to regain its historical growth rate by 2022. Electricity consumption and mobility data is a clear indication of recovering economic activity. India, which comprises the bulk of the region's economy, is expected to grow more than 10 percent in the fiscal year 2021-22-a substantial upward revision of 4.7 percentage points from January 2021 forecasts.
The outlook for Nepal and Pakistan has also been r...
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