Bangladesh, Jan. 10 -- At a time when the economic growth the world over has been forecast by the International Monetary Fund (IMF) in October at 3.0 per cent -the lowest since 2008-9, Bangladesh has recorded its highest ever growth rate at 8.15. The country's rate of poverty too has dropped although not commensurate with the gross domestic product (GDP) growth. It has halved its poverty rate in one and a half decades since 2016. Particularly savoury is the fact that 90 per cent poverty was reduced in rural Bangladesh, according to a World Bank report, depending on higher labour income. This also spurred improvement in living conditions.
Now the economic outlook is bright as the growth rate for the year 2020 is not unlikely to record an ab...