The Financial Express

BD economy to grow 6.9pc this FY: ADB

| Updated: October 24, 2017 22:37:28

BD economy to grow 6.9pc this FY: ADB

Bangladesh's economy is expected to grow at 6.9 per cent in the current fiscal year (FY18) while the inflation will remain within 6pc, according to the latest report of the Asian Development Bank (ADB).

Bangladesh attained 7.2pc GDP growth in the last fiscal (2016-2017) despite ADB's forecast of 6.9pc growth while the country was able to contain inflation at 5.4pc in the last financial year although the Manila-based lending agency earlier had forecast it at 6.1pc.

Asian Development Outlook (ADO) 2017 Update released by ADB also said the economies of Bhutan and Myanmar are poised to grow at the highest rate among the Asian countries with 8pc GDP growth each in the current fiscal followed by Uzbekistan with 7.5pc and India with 7.4pc GDP growth.

Among other South Asian countries, Pakistan is likely to attain 5.5pc GDP growth in the current fiscal followed by 5pc by Sri Lanka, 4.7pc by Nepal, 4.4pc by the Maldives and 3pc by Afghanistan.

- agencies

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