GDP growth

How to benefit more from GDP growth

At a recent press conference, representatives of the World Bank (WB) questioned the 7.65 percent economic growth estimate and the estimate of 7–8 percent growth of domestic demand that the Bangladesh Bureau of Statistics (BBS) came up with for FY17-18. Zahid Hussain, lead economist of the WB's Dhaka office, said there are two causes that could lead to such a spike (growth of employment and labour
18 April 2018

Minister shocked over GDP growth forecast by WB, ADB

Planning Minister AHM Mustafa Kamal is shocked over the downsized projection by the development partners (DP) on the country’s economic growth in the current fiscal year.
11 April 2018

ADB projects 7pc GDP growth for FY18

The Asian Development Bank projects 7 percent economic growth for Bangladesh for the current fiscal year, much below than the government’s provisional estimate of 7.65 percent.
11 April 2018

Record growth in tough year

Bangladesh has achieved a record economic growth of 7.28 percent in the last fiscal year despite a fall in rice production and also in industrial growth. The gross domestic product rose by 0.17 percentage points in fiscal 2016-17 from 7.11 percent in the previous fiscal year, according to Bangladesh Bureau of Statistics data.
16 November 2017

GDP growth 7.28% in 2016-17: Govt

Bangladesh has ascertained its growth for the last fiscal at 7.28 percent, highest ever in history of the country’s economy and more than what was targeted.
14 November 2017

Budget an economic illusion: CPD

Debapriya Bhattacharya, the distinguished fellow of CPD, terms the proposed budget for the FY 2017-18 as “economic illusion” saying that there is no clear indication between income and expenditure in it.
2 June 2017

Big dream, grim reality

Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.
2 June 2016

The price of non-governmental growth

It is well known that since the 1980s, Bangladesh has made astonishing progress on a wide variety of development indicators such as reducing the prevalence of extreme hunger and poverty...
27 May 2016

WB warns of water scarcity-driven growth curb

Water scarcity, exacerbated by climate change, could cost some regions up to 6 percent of their GDP, spur migration, and spark conflict, World Bank says in a report.
4 May 2016

WB doubts 7.05% growth prediction

World Bank expresses doubt about the 7.05 percent provisional estimate for Bangladesh’s GDP growth for 2015-16 fiscal year. The question is whether the official estimate is consistent with other growth-related indicators, says Zahid Hussain, the lender's lead economist.
30 April 2016

GDP or Happiness?

Imagine a world where you earn a decent living, the state treats you with fairness, there is little carbon emission in the environment...
25 April 2016

Central bank cuts policy rates

The central bank has cut its policy rates for the first time in three years in an effort to spur investment and the GDP growth.
14 January 2016

No Surprise; It Keeps Growing

It is often said that numbers do not lie, but when it comes to the Bangladesh economy, the saying appears to be on shaky grounds.
30 December 2015

Menon deplores govt’s failure to curb graft

Expressing dissatisfaction over government's failure to ensure good governance, Rashed Khan Menon saysthe country's GDP growth rate will rise by 2.5 percent if corruption can be curbed effectively.
25 June 2015

Budget 2015-2016: GDP growth and private investment

Bold and aggressive measures are needed to establish specialised economic zones to attract private investment. Large scale public investments are required for special economic zones. Thus, the call for very ambitious growth target for revenue seems justifiable.
17 June 2015

Rising trend continues

We shall invariably see that the Defence Budget will be 'Guillotined' in the evening of June 30 with no discussion on the subject. Military issues have often been shrouded under the cloak of secrecy.
15 June 2015

From 'good-enough' jobs to 'decent' jobs

Though there are many views on 'inclusive growth', the key consensus is that inclusive growth is a growth process which reduces poverty, inequality and social exclusion and promotes 'decent' jobs and economic and social cohesion.
24 May 2015

Hurdles to investment

One of the key determinants behind this growth rate has been the accumulation of capital (i.e., investment). The regulatory environment for business in a country can have a direct impact on this...
19 May 2015

Bangladesh performs well in inclusive growth

AS per a report published by ESCAP titled 'Economic and Social Survey of Asia and the Pacific 2015', Bangladesh is ahead of both India and Pakistan in terms of inclusive growth.
15 May 2015

Economic rating remains stable

STANDARD & Poor (S&P), the global rating agency has reaffirmed the 'BB-' long-term sovereign rating for the country.
14 May 2015