Bangladesh GDP to Grow at 6.8% this Fiscal

[BDforever]

Can anyone explain if it is possible to "cook" BD GDP statistics, if so how is this possible and are there any previous precedence?

If this is possible, then this is quiet worrying.

It is recommended by IMF after every 5 years

 

[PlanetSoldier]

Yes, you are right about competition and economic rivalry. However, the south asian counries need also a kind of mutal cooperation. Competition can be accomplished by allowing the free flow of goods, knowledge and technology. But, this is not happening to these countries, and mutual cooperation is also almost completely absent. In realit, mutual cooperation has been taken oer by mutual distrust. It is all because of bad politics.

BD needs at least its electricity shortage problem to be resolved. Once there are an ample supply of electricity, the private companies will keep on building new factories, employment will rise and consumer market will grow. A double digit growth is not impossible after, say, five years from now only if more electricity is available in the country.

Whatever it may be BD standad of living is much higher now comparing to what it was before 1971 war. The country is on right track except its domestic politics. It is not far away when BD will become the 2nd largest economy after India. It is already showing the signs of further growth and achievements.

For double digit growth solving only electricity problem will not do, corruption will still be there as hindrance to achieve our goal.

 

[UKBengali]

It is recommended by IMF after every 5 years

Thanks.

Would it be possible to do this for a year or two and any other precedence in BD history?

 

[BDforever]

Thanks.

Would it be possible to do this for a year or two and any other precedence in BD history?

according IMF it is done after every 5 years because many new production sectors opened and some sectors are shut it down over the years, it is not done for 1 or 2 years.

 

[Mattrixx]

We should hold the growth rate last year we couldn't hold that.
But this year we can hold the growth rate its not seem to possible to me
after all this political anarchy.

 

[UKBengali]

We should hold the growth rate last year we couldn't hold that.
But this year we can hold the growth rate its not seem to possible to me
after all this political anarchy.

Exports are doing much better now than last fiscal and if agriculture grows robustly then 6.8% is possible.

Agriculture grew only 2.53 per cent in FY2011-2012 from 5.13 per cent in FY2010-2011. Since agriculture still accounts for around a fifth of GDP then a good harvest this year will increase the GDP significantly upwards.

 

[eastwatch]

Every year there are multiple tugs of war on the GDP growth forecast. In the one side it is the Finance Ministry of GoB, and on the other side are ADB, WB and IMF, all of whom projects different rates of growth for the economy. So, when the FM has forecast a 6.8% for this fiscal, it is expected that ADB may coe up with, say, a 5.9% growth, WB with 6.1% and IMF with a 6.0%. The lending agencies keep on collecting production data througout the year. The same is also done by the FM. So, until it is the 2nd week of July that the real rate of growth of 2012-2013 fiscal year will not be known. Although, the FM has projected a 6.8% growth, but we do not have to accept it at its face value.