Dhaka, Feb. 10 -- Bangladesh's economy grew by just 4.22 per cent in the fiscal year 2023-24, marking the lowest growth rate in the last four years.

The slowdown was attributed to contractionary monetary and fiscal policies implemented to address dwindling foreign exchange reserves, high inflation, and disruptions in energy supply.

The growth fell 1.6 percentage points short of the provisional estimate by the Bangladesh Bureau of Statistics (BBS).

The final Gross Domestic Product (GDP) figures for FY24 were revised down to $450 billion, compared to the initial estimate of $459 billion, according to Shafiqul Alam, press secretary to Chief Adviser Muhammad Yunus.

In comparison, the country's GDP grew by 3.45 per cent in FY20, when the C...