The Financial Express

Bangladesh's growth put at 5.47pc last fiscal

| Updated: August 06, 2021 13:40:46

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Bangladesh's GDP has plunged severely due to the Covid-19 in the fiscal year (FY) 2019-2020 as the country's gross domestic output expanded at the rate of 3.51 per cent, official data showed.

The economic growth was much lower than the provisional estimation of 5.24 per cent.

In the last FY2021, the GDP also recorded 5.47 per cent growth, much lower than the target of 8.2 per cent, Bangladesh Bureau of Statistics (BBS) data showed.

The GDP size in the FY2021 was estimated at Tk 30.11 trillion.

Earlier, different multilateral donors and think tanks were forecasting a lower GDP growth rate for both the FY2020 and FY2021 as the country was hit with coronavirus impact severely.

In the FY2019, Bangladesh's economic growth rate was 8.15 per cent.

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