In its update on the Asian Development Outlook 2017, the lending agency said Bangladesh's growth in FY2017 was 'higher than expected'. "A decline in remittances notwithstanding, higher farm and wage income lifted private consumption and growth, as did an uptick in public investment. Despite improved power supply, which is vital for investment, private investment slowed,” the ADB said in the report launched on Tuesday. Infrastructure bottlenecks exacerbated lower export growth, it said adding other exports saw a robust growth of 8.5 percent against 7.8 in the previous year. The steepest decline, at 30 percent, was from the third-largest source -- the US, 'possibly reflecting policy uncertainty', according to the ADB

Source: bd News24 September 26, 2017 13:07 UTC