World Economy

Bangla GDP to Grow 6.8%

Bangla GDP to Grow 6.8%Bangla GDP to Grow 6.8%

The World Bank has projected 6.8% GDP growth for Bangladesh in the next fiscal year (2016-17), Yahoo reported. However, there is no specific forecast for the current fiscal of 2015-16, said lead economist of the World Bank Zahid Hussain. In its Bangladesh development update released on Saturday, the global lending agency said no economic indicator except export grew faster in the fiscal year 2015-16. WB said, all the key macroeconomic indicators, except for export earnings, show a negative trend during the fiscal. After the government said that Bangladesh would grow by over 7% by the end of the current fiscal, the World Bank has been expressing doubts. Both Finance Minister AMA Muhith and Planning Minister AHM Mustafa Kamal have said that the multilateral agency’s forecast is not always accurate. Referring to growth forecasts by several organizations, Zahid Hussain said, “Some predict 6.3, some 6.6 and then again there are forecasts of 6.8 while the government says 7.05. But all of them are over six,” he said.