Bangladesh will have 6.8% GDP growth in 2017, the World Bank reiterated its projection in its latest report released on Sunday. According to the report, the regional growth in South Asian will remain strong at 6.8% in 2017. However, it observes Bangladesh’s growth as moderating, which reflects “a pull back in domestic demand and in industrial production.”The World Bank also projected global economic growth to strengthen to 2.7% in 2017 and 2.9% in 2018-19. On June 1, Finance Minister AMA Muhith proposed an ambitious budget for the 2017-18 fiscal year with a GDP growth target of 7.4%. In 2015-16 fiscal year, the government’s GDP growth target was 7.05%, and Muhith reported that according to the final estimation of Bangladesh Bureau of Statistics, the growth stood at 7.11%.

Source: Dhaka Tribune June 05, 2017 10:52 UTC