Bangladesh’s GDP growth rate may overtake China in current fiscal

[Black_cats]

Bangladesh’s GDP growth rate may overtake China in current fiscal​

United News of Bangladesh . Dhaka | Published: 15:20, May 06,2023

Bangladesh’s GDP growth rate may overtake China in current fiscal

The latest report of the Internal Monetary Fund on Asia-Pacific region forecasts that Bangladesh’s GDP growth rate in the current fiscal year will overtake that of China...

www.newagebd.net

The latest report of the Internal Monetary Fund on Asia-Pacific region forecasts that Bangladesh’s GDP growth rate in the current fiscal year will overtake that of China.

The report also predicts that Bangladesh will be in second place, after Vietnam, in terms of GDP growth rate in Asia-Pacific in the next fiscal year.

According to the IMF’s Regional Economic Outlook for Asia and Pacific May 2023 report, Bangladesh is expected to surpass both China and India in terms of growth in 2024.

In Bangladesh, GDP growth rate will slow down to 5.5 per cent in 2023 because of demand-management measures, which is still higher than China’s projected growth rate of 5.2 per cent.

But the economy of China is much bigger than that of Bangladesh.

The IMF report suggests that the recently approved Extended Fund Facility for Bangladesh will help address economic challenges caused by Russia’s war in Ukraine, and the Resilience and Sustainability Facility arrangement will expand fiscal space to finance climate investment priorities and build resilience against long-term climate risks.

The report highlights the importance of international cooperation, particularly in securing financial assistance for climate change adaptation in vulnerable emerging markets in the region, including Bangladesh and the Pacific Islands.

 

[bluesky]

It seems The New Age is a govt loudspeaker. Why it is comparing BD with China which is an economic giant? Is it not without the ulterior motive of influencing the people in BD?

Even the 5.5% China growth value is more than double the total GDP of Bangladesh. China has a GDP of about $17.7 trillion. The value of a 5.5% growth is, $17,700 billion x 5.5% = $973.5 billion.

And the govt says the BD GDP itself is only about $400 billion. Why compare with China instead of SL or Pakistan? The Hasina govt wants to hoodwink the population.

 

[Khan_21]

It seems The New Age is a govt loudspeaker. Why it is comparing BD with China a giant without the ulterior motive of influencing the people in BD?

Even the 5.5% China growth value is more than double the total GDP of Bangladesh. China has a GDP of about $1.7 trillion. The value of a 5.5% growth is, $17,700 billion x 5.5% = $973.5 billion.

And the govt says the BD GDP itself is only about $400 billion. Why compare with China instead of SL or Pakistan? The Hasina govt wants to hoodwink the population.

You meant $17 trillion.

 

[leonblack08]

It seems The New Age is a govt loudspeaker. Why it is comparing BD with China a giant without the ulterior motive of influencing the people in BD?

Even the 5.5% China growth value is more than double the total GDP of Bangladesh. China has a GDP of about $1.7 trillion. The value of a 5.5% growth is, $17,700 billion x 5.5% = $973.5 billion.

And the govt says the BD GDP itself is only about $400 billion. Why compare with China instead of SL or Pakistan? The Hasina govt wants to hoodwink the population.

It is a govt. mouthpiece and combined with poor quality journalism.

 

[bluesky]

You meant $17 trillion.

Thanks. I have now corrected the Chinese GDP to $17.7 trillion.