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Bangladesh will overtake China in GDP: IMF | Bangladesh Diplomat


In the current financial year, the gross domestic product or GDP growth will be ahead of many Asian countries Bangladesh In the current financial year, the growth of Bangladesh may be 5.7 percent. India will be at the top in South Asia in terms of GDP growth. And Bangladesh will be in the second position.

On Tuesday (April 30), the International Monetary Fund (The IMF) These data have emerged in the report entitled 'Regional Economic Outlook, Asia and Pacific Region'. before The IMF He said, the GDP growth of Bangladesh will be 6 percent in the current financial year. However, in the report, the growth rate has been reduced to 5.7 percent.

The United Nations specialized agency also said the reason for the low growth rate. According to the report, the pace of economic activity in many countries has been slower than expected as the dollar crisis has disrupted imports and pursued contractionary monetary policy to control inflation. Hence, the GDP growth target has been reduced as compared to earlier.

In the context of Bangladesh, the IMF's report said, like the last financial year, the growth was projected at 6 percent this year as well. However, growth rates will also slow down as economic activity slows down compared to expectations. However, in the coming financial year, the GDP growth of Bangladesh may increase to 6.6 percent, which is more than India (6.5 percent).

According to the IMF report, the growth of Bangladesh will be much higher than that of China, Indonesia, Malaysia and Thailand in the Asia and Pacific region. But it will be less than India and Vietnam.

According to the report, India will have the highest growth in the Asia and Pacific region this year except for Japan. The country's growth will be 6.8 percent. Mongolia will be in second place (6.5 percent), Philippines will be in third place (6.2 percent), Cambodia will be in fourth place with 6 percent growth. Vietnam (5.8 percent) will be in 5th place. Bangladesh will be ranked 6th with a growth rate of 5.7 percent. In addition, Indonesia's growth this year will be 5 percent, China's growth will be 4.6 percent, Malaysia's 4.4 percent, Nepal's 3.1 percent, Thailand's 2.7 percent and Myanmar's growth will be 1.5 percent. However, despite returning to the trend of growth after overcoming the economic crisis, the IMF has not given any growth forecast for Sri Lanka.



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