Bangladesh emerges resilient, growth to pick up gradually: HSBC

Bangladesh has remained resilient despite recent economic challenges, and growth is expected to stabilise in the coming years, according to HSBC’s Chief Asia Economist, Frederic Neumann.

HSBC Bangladesh today hosted an event titled “Bangladesh and the World: Economic Prospects for 2026 and Beyond” at Sheraton Dhaka.

Delivering the keynote presentation virtually, Neumann said HSBC expects Bangladesh’s gross domestic product (GDP) growth to reach about 5 percent in 2026 and 5.5 percent in the following year, supported by improving macroeconomic conditions.

He noted that export earnings are projected to grow by 4.1 percent in 2026, while remittance inflows continue to rise year-on-year amid increasing confidence in formal money transfer channels. Combined with easing inflation, this trend is expected to support private consumption.

Neumann added that investment by domestic and foreign businesses could gradually recover following the recent general election, although stronger momentum would depend on restoring investor confidence through improved law and order and policy stability.

Highlighting Bangladesh’s upcoming graduation from least developed country (LDC) status in November 2026, he stressed the need to enhance export competitiveness through expanded market access, better governance, and improved infrastructure.

He also cautioned that slowing global consumer demand, partly linked to US tariffs, remains a key external risk for Bangladesh’s economy. Accelerating trade negotiations with the European Union, the country’s largest garment export market, is therefore increasingly important, he said.

Jignesh Ruparel, chief financial officer of HSBC Bangladesh, presented the bank’s latest global financial results, underscoring HSBC’s role in facilitating international trade through its network spanning 56 countries and territories.

Kausar Alam, president of the Institute of Cost and Management Accountants of Bangladesh, said the country’s economy holds strong long-term potential, driven by favourable demographics and a resilient private sector.

Md Mahbub ur Rahman, chief executive officer of HSBC Bangladesh, noted that initiatives such as the bank’s CFO Connect platform aim to help finance professionals exchange insights and better navigate an evolving global economic landscape.

The event brought together chief financial officers, corporate stakeholders, and senior executives from local and multinational companies.