Bangladesh could lose 1.1% of its GDP for coronavirus: finance minister

[Black_cats]

Published on 08:34 PM, March 25, 2020
Bangladesh could lose 1.1% of its GDP for coronavirus: finance minister

Finance Minister AHM Mustafa Kamal was talking to reporters after a meeting of the Cabinet Committee on Public Purchase on February 26, 2020. Star file photo
Star Online Report
Finance Minister AHM Mustafa Kamal today said Bangladesh could lose 1.1 percent of its GDP growth due to the coronavirus pandemic.

The minister said in the last fiscal year, the country had attained 8.15 percent growth, the highest in the Asia-Pacific region, and was projected to attain 8.20 percent growth in the current fiscal.

"Unfortunately, Bangladesh could lose 1.1 percent of GDP growth due to COVID-19 spread," the minister said, citing an analysis of the Asian Development Bank (ADB).

AHM Mustafa Kamal was addressing a videoconference with the World Bank and IMF headquarters on the latest coronavirus situation from the NEC Conference Room in Dhaka's Sher-e-Bangla Nagar area, said a press release of the finance ministry.

He also urged the World Bank and the IMF to stand beside Bangladesh with greater support considering the ongoing coronavirus crisis.

"It's our ardent request to the World Bank Group and the IMF to come up with greater support to us considering this risky situation," he said.

www.thedailystar.net/coronavirus-deadly-new-threat/news/bangladesh-could-lose-11-its-gdp-coronavirus-finance-minister-1885822%3famp

 

[Samlee]

Terrible Times Await Everyone

 

[fallstuff]

Losing 1% would not be bad at all considering U.S economy is bracing for negative economic growth in second quarter. China could have a 0 GDP growth this year as most of the manufacturing capacity were shut for months.

 

[Michael Corleone]

What does this guy know about finance that they made him finance minister from being a sports minister? Ffs
Anyways, 1.1% isn’t thT our military budget? Has the budget been already announced for next fiscal? Would like to see how this effects everything.

 

[leonblack08]

What does this guy know about finance that they made him finance minister from being a sports minister? Ffs
Anyways, 1.1% isn’t thT our military budget? Has the budget been already announced for next fiscal? Would like to see how this effects everything.

He is talking about GDP growth rate. So instead of the projected 8%, it will be 7% or lower.

Also, he is a Chartered Accountant, if I am not wrong, so he should not be a complete tool.

 

[Michael Corleone]

He is talking about GDP growth rate. So instead of the projected 8%, it will be 7% or lower.

Also, he is a Chartered Accountant, if I am not wrong, so he should not be a complete tool.

Ok then, if he’s up for the task then I’m all for it. But heard he’s corrupted so....