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Bangladesh Expects 7.6% Growth

Bangladesh Expects 7.6% GrowthBangladesh Expects 7.6% Growth

Bangladesh has estimated 7.65% economic growth for the fiscal year ending June 30, heading for the fastest pace on record. The growth will accelerate from the previous record of 7.28% in fiscal 2016-17, BDNews reported. Per capita income will rise to $1,752 in fiscal 2017-18 from $1,610 a year ago, Planning Minister AHM Mustafa Kamal said sharing the numbers at a key meeting in Dhaka on Tuesday. The estimates are based on data from the first nine months (July-March) of the current fiscal year. Kamal says Bangladesh’s economic growth will hit 8% in the next fiscal year. The government had set a target of 7.4% GDP growth in the budget announced for the current year. The numbers were revealed by Kamal at the meeting of the Executive Committee of National Economic Council, chaired by Prime Minister Sheikh Hasina. After being stuck in the 6% range for nearly a decade, the economy finally surpassed 7% economic growth in fiscal 2015-16. Bangladesh’s economy is expected to expand to $274.5 billion by the end of the fiscal year from $249 billion last year, the minister said.

 

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