Dhaka, Jan. 14 -- The World Bank has cut its growth outlook for Bangladesh, trimming its forecast by 0.3 percentage points from its June projection as inflationary pressures, weak exports and subdued investment continue to weigh on the economy.
In its latest Global Economic Prospects report released on Tuesday, the World Bank said Bangladesh's economy is now expected to expand by 4.6% in the current fiscal year ending next June.
While lower than earlier estimates, the lender said growth should recover from its initial estimated 3.7% in FY25, as private consumption strengthens and inflation gradually eases, reports Business Standard BD.
The report linked the expected improvement partly to political developments, noting that reduced uncert...