Bangladesh to grow 7.5 percentStaff Writer | January 16, 2017
Bangladesh economy is expected to grow 7.5 percent in 2016-17 financial year (July 2016-June 2017).
Economy in Asia A bit higher than the previous estimate
Speaking at a press conference on Sunday, Kamal said the country's major economic indicators had so far showed strong and steady during this fiscal year compared to that of fiscal year 2015-16 (July 2015-June 2016).
The World Bank in a report recently predicted that Bangladesh's gross domestic product (GDP) is to grow 6.8 percent in the current 2016-17 fiscal year due to domestic security challenges, weak external demand and a mild pickup in private investment.
Kamal said the government is in a position to face all the hurdles in achieving desired growth in three key sectors - agriculture, service and industry - on which Bangladesh economic growth is mainly dependent.
Bangladeshi parliament passed 3.41 trillion taka (42.58 billion U.S. dollars) national budget last June for 2016-17 fiscal year, targeting an economic growth of 7.2 percent. ■