Bangladesh’s economy is expected to grow at 6.9 in the current fiscal year (FY18) while the inflation will remain within 6%, according to latest report of the Asian Development Bank (ADB). Growth forecasts are upgraded from projections in ADO 2017 for 22 of the 45 regional economies. The ADO 2017 Update said looking ahead, developing Asia must mobilise $1.7 trillion annually to meet its infrastructure needs. This Update looks forward to stable economic growth, not the growth moderation forecast in April in Asian Development Outlook 2017 (ADO 2017). The ADO 2017 Update said that growth remains strong in India despite temporary drag from adjustments to policy reform.

Source: Dhaka Tribune September 27, 2017 05:15 UTC