Staff Correspondent
Bangladesh’s economy is expected to grow 4 percent in the current fiscal year ending in June 2025, said the World Bank (WB) by revising it down from its previous forecast on ‘significant uncertainties around the political and economic outlook following the recent political turmoil.’
The WB also revised down economic growth estimate on Bangladesh to 5.2 percent for the FY24 which is much lower than the government’s provisional estimate of growth of Gross Domestic Product at 5.82 percent in the immediate fiscal year.
“The wide range of the growth projection reflects the lack of available or reliable data in recent months and significant uncertainties around the political and economic outlook following the recent political turmoil,” said the WB in its October 2024 issue of South Asia Development Update released today.
