Dhaka, March 18 -- Fitch Solutions Company BMI predicts that the economic growth in Bangladesh is likely to remain steady in the current fiscal.

"We hold our short-term forecast for economic growth in Bangladesh steady, as we expect the country's real GDP to grow by 5.4 per cent y-o-y in FY2023/24," it says.

The BMI in its latest analysis of Bangladesh forecasts that private consumption will continue to be low, as high inflation undermines people's purchasing power.

It, however, said stronger remittances inflows would likely to provide some relief for households.

"A weak local taka or BDT, a shortage of foreign currency, high-interest rates, capital goods import restrictions and fiscal con solidation will weigh on gross capital format...