Dhaka, Jan. 9 -- Bangladesh's economy is set on a rebound with all its external transaction accounts showing an upswing pivoted by a surge in remittance, robust export growth and reduced import payments, economists say.

According to data released Thursday by the Bangladesh Bank, the country's current-account deficit narrowed significantly, in the first place.

The deficit in current account that tracks the flow of goods, services, and investments into and out of a country was recorded at $226 million during the July-November period of the current fiscal year, in a downhill fall from $3.94 billion in the same period last year, according to the central bank's statistics.

This improvement contributed to a sharp reduction in the overall bal...