IMF: Bangladesh's economic growth rate to overtake China, India

[Bilal9]

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https://www.dhakatribune.com/283932

Tribune Desk
Publish : 07 May 2023, 04:55 PM
Update : 07 May 2023, 07:56 PM

The country may overtake Asia's two giant economies -- India and China -- in the next FY24 in economic growth, the International Monetary Fund (IMF) predicted in its latest evaluation report.

Bangladesh will outgrow China in the current FY23 with its projected higher gross domestic product (GDP) growth, the global monetary supervisor also said.

According to the IMF, Bangladesh's economy may grow at a 6.5% rate in the next FY24 while the Chinese economy at 4.5% and India at 6.3%.

Although Bangladesh's GDP growth rate is forecast lower than India's in the current fiscal, it will be higher than China's in FY23.

In the current fiscal, Bangladesh might expand at a rate of 5.5% while China at 5.2%.

The Indian economy will grow at 5.9% in the current fiscal, the IMF said in its "Regional Economic Outlook: Asia and the Pacific" report, released on May 4 in Washington.

However, Vietnam, Bangladesh's competitor country on the global trade market, is likely to expand at a higher rate than Bangladesh's.

Vietnam's economy is projected to grow at 5.8% rate in the current FY23 while at 6.9% in the next FY24.

The IMF recently cut Bangladesh's GDP-growth projection to 5.5% in the current fiscal amid the global and domestic economic shocks.

In October 2022, the Washington-based lender forecast a 6% GDP growth for Bangladesh in the current fiscal.

“The recently approved Extended Fund Facility will help address economic challenges caused by Russia's war in Ukraine, while the concurrent Resilience and Sustainability Facility arrangement will help expand fiscal space to finance climate investment priorities and build resilience against long-term climate risks.”

In most emerging markets in the region, 2023 fiscal balances will remain well below medium-term debt-stabilizing levels. Moreover, if borrowing costs were to rise faster than currently projected (that is, because of a tightening in financial conditions), a much steeper fiscal adjustment would be required to stabilize debt, the development financier said in its suggestions.

“At the same time, fiscal pressures linked to aging populations, rising inequality, scarring from the pandemic, increasing climate mitigation and adaptation needs are expected to increase over the coming years. These trends underscore the need for credible and robust fiscal frameworks.”

The IMF notes that food security is imperative for sustainable growth in Asia as the insecurity increases in 2022 due to supply-chain disruptions and Russia's war in Ukraine.

Reforms stressed, as such, for combating food insecurity include developing robust social safety nets, maintaining open trade to allow food to flow to countries in need, and investing in climate-resilient agriculture.

 

[saif]

​

https://www.dhakatribune.com/283932

Tribune Desk
Publish : 07 May 2023, 04:55 PM
Update : 07 May 2023, 07:56 PM

The country may overtake Asia's two giant economies -- India and China -- in the next FY24 in economic growth, the International Monetary Fund (IMF) predicted in its latest evaluation report.

Bangladesh will outgrow China in the current FY23 with its projected higher gross domestic product (GDP) growth, the global monetary supervisor also said.

According to the IMF, Bangladesh's economy may grow at a 6.5% rate in the next FY24 while the Chinese economy at 4.5% and India at 6.3%.

Although Bangladesh's GDP growth rate is forecast lower than India's in the current fiscal, it will be higher than China's in FY23.

In the current fiscal, Bangladesh might expand at a rate of 5.5% while China at 5.2%.

The Indian economy will grow at 5.9% in the current fiscal, the IMF said in its "Regional Economic Outlook: Asia and the Pacific" report, released on May 4 in Washington.

However, Vietnam, Bangladesh's competitor country on the global trade market, is likely to expand at a higher rate than Bangladesh's.

Vietnam's economy is projected to grow at 5.8% rate in the current FY23 while at 6.9% in the next FY24.

The IMF recently cut Bangladesh's GDP-growth projection to 5.5% in the current fiscal amid the global and domestic economic shocks.

In October 2022, the Washington-based lender forecast a 6% GDP growth for Bangladesh in the current fiscal.

“The recently approved Extended Fund Facility will help address economic challenges caused by Russia's war in Ukraine, while the concurrent Resilience and Sustainability Facility arrangement will help expand fiscal space to finance climate investment priorities and build resilience against long-term climate risks.”

In most emerging markets in the region, 2023 fiscal balances will remain well below medium-term debt-stabilizing levels. Moreover, if borrowing costs were to rise faster than currently projected (that is, because of a tightening in financial conditions), a much steeper fiscal adjustment would be required to stabilize debt, the development financier said in its suggestions.

“At the same time, fiscal pressures linked to aging populations, rising inequality, scarring from the pandemic, increasing climate mitigation and adaptation needs are expected to increase over the coming years. These trends underscore the need for credible and robust fiscal frameworks.”

The IMF notes that food security is imperative for sustainable growth in Asia as the insecurity increases in 2022 due to supply-chain disruptions and Russia's war in Ukraine.

Reforms stressed, as such, for combating food insecurity include developing robust social safety nets, maintaining open trade to allow food to flow to countries in need, and investing in climate-resilient agriculture.

If we can annex Assam, our economic growth rate will reach double digit in no time.

 

[protean]

https://www.dhakatribune.com/business/328108/imf-s-perspective-understanding-bangladesh-s

Here is the latest.

IMF's perspective: Understanding Bangladesh's revised GDP growth forecast​

This revision, down from the earlier projection of 6.5% in April to 6%. But the actual would be 5%. Lol.

 

[mmr]

If we can annex Assam, our economic growth rate will reach double digit in no time.

You do realize Pusey army of bd can’t even shoot one bullet in Myanmar after they push million ppl…

And Indians keep killing bd ppl on border while bd pussy army keep sucking there own dick.

So good luck.

 

[saif]

You do realize Pusey army of bd can’t even shoot one bullet in Myanmar after they push million ppl…

And Indians keep killing bd ppl on border while bd pussy army keep sucking there own dick.

So good luck.

I was not talking about military invasion. I was talking about demographic invasion.

 

[protean]

If we can annex Assam, our economic growth rate will reach double digit in no time.

Lol. Annex from India? Lilliputs are having big dreams. Haha.

 

[mmr]

I was not talking about military invasion. I was talking about demographic invasion.

That don’t mean it will be part of Bangladesh.

Bd seriously need to focus on reform…it’s economic growth is driven by bunch of mega projects and once those completed growth will slow down.

 

[Bilal9]

https://www.dhakatribune.com/business/328108/imf-s-perspective-understanding-bangladesh-s

Here is the latest.

IMF's perspective: Understanding Bangladesh's revised GDP growth forecast​

Oh I'm sure - coming from some idiot Bhartiya garbage expert named Krishna Srinivasan, director of the Asia and Pacific Department.

Provided at the order of Modi-ji's IT cell people.

These biased pujari ba$tards should be kicked out of IMF when they provide garbage predictions like this.

Bunch of haramis.

 

[protean]

Oh I'm sure - coming from some idiot Bhartiya garbage expert named Krishna Srinivasan, director of the Asia and Pacific Department.

Provided at the order of Modi-ji's IT cell people.

These biased pujari ba$tards should be kicked out of IMF when they provide garbage predictions like this.

Bunch of haramis.

Lol. Garbage is symbolic to Bangladesh. IMF will never allow such garbage people near it. All of the consumption indices are down from TV sales, car sales, smartphone sales but yet lungis believe their country is doing well and open threads about their economy. Haha. No wonder Lungis are shits in all the countries with no significant contribution any where except for some menial latrine jobs. Stick to that level.

 

[saif]

Lol. Annex from India? Lilliputs are having big dreams. Haha.

Demographic invasion is as tasty as laddu

 

[IndianLite]

​

https://www.dhakatribune.com/283932

Tribune Desk
Publish : 07 May 2023, 04:55 PM
Update : 07 May 2023, 07:56 PM

The country may overtake Asia's two giant economies -- India and China -- in the next FY24 in economic growth, the International Monetary Fund (IMF) predicted in its latest evaluation report.

Bangladesh will outgrow China in the current FY23 with its projected higher gross domestic product (GDP) growth, the global monetary supervisor also said.

According to the IMF, Bangladesh's economy may grow at a 6.5% rate in the next FY24 while the Chinese economy at 4.5% and India at 6.3%.

Although Bangladesh's GDP growth rate is forecast lower than India's in the current fiscal, it will be higher than China's in FY23.

In the current fiscal, Bangladesh might expand at a rate of 5.5% while China at 5.2%.

The Indian economy will grow at 5.9% in the current fiscal, the IMF said in its "Regional Economic Outlook: Asia and the Pacific" report, released on May 4 in Washington.

However, Vietnam, Bangladesh's competitor country on the global trade market, is likely to expand at a higher rate than Bangladesh's.

Vietnam's economy is projected to grow at 5.8% rate in the current FY23 while at 6.9% in the next FY24.

The IMF recently cut Bangladesh's GDP-growth projection to 5.5% in the current fiscal amid the global and domestic economic shocks.

In October 2022, the Washington-based lender forecast a 6% GDP growth for Bangladesh in the current fiscal.

“The recently approved Extended Fund Facility will help address economic challenges caused by Russia's war in Ukraine, while the concurrent Resilience and Sustainability Facility arrangement will help expand fiscal space to finance climate investment priorities and build resilience against long-term climate risks.”

In most emerging markets in the region, 2023 fiscal balances will remain well below medium-term debt-stabilizing levels. Moreover, if borrowing costs were to rise faster than currently projected (that is, because of a tightening in financial conditions), a much steeper fiscal adjustment would be required to stabilize debt, the development financier said in its suggestions.

“At the same time, fiscal pressures linked to aging populations, rising inequality, scarring from the pandemic, increasing climate mitigation and adaptation needs are expected to increase over the coming years. These trends underscore the need for credible and robust fiscal frameworks.”

The IMF notes that food security is imperative for sustainable growth in Asia as the insecurity increases in 2022 due to supply-chain disruptions and Russia's war in Ukraine.

Reforms stressed, as such, for combating food insecurity include developing robust social safety nets, maintaining open trade to allow food to flow to countries in need, and investing in climate-resilient agriculture.

Hasina hain to mumkin hain

 

[StraightEdge]

Why such a stupid headline? What is the size of BD economy?
eg., when China was relatively poor, it was growing at a pace BD can only dream about.

For about 24 consecutive years, China had growth rate of above 7.5%, and consistently crossing 10% in many of those. I don't know on what basis is anyone comparing BD vs China growth rate.

 

[Cheepek]

Lol. Garbage is symbolic to Bangladesh. IMF will never allow such garbage people near it. All of the consumption indices are down from TV sales, car sales, smartphone sales but yet lungis believe their country is doing well and open threads about their economy. Haha. No wonder Lungis are shits in all the countries with no significant contribution any where except for some menial latrine jobs. Stick to that level.

BD is on a "fake it till you make it" mode

Out of ~$50B+ total exports reported last fiscal year, almost $10B worth exports has not been realised yet.

A whopping ~20% of total export proceeds!

FBCCI probing export data gap

IMF team inquires about gap between exports and repatriation proceeds

www.tbsnews.net

 

[Bilal9]

Why such a stupid headline? What is the size of BD economy?
eg., when China was relatively poor, it was growing at a pace BD can only dream about.

View attachment 963675

For about 24 consecutive years, China had growth rate of above 7.5%, and consistently crossing 10% in many of those. I don't know on what basis is anyone comparing BD vs China growth rate.

This was touted by your own media.

Lol. Garbage is symbolic to Bangladesh. IMF will never allow such garbage people near it. All of the consumption indices are down from TV sales, car sales, smartphone sales but yet lungis believe their country is doing well and open threads about their economy. Haha. No wonder Lungis are shits in all the countries with no significant contribution any where except for some menial latrine jobs. Stick to that level.

Whatever makes you sleep at night Rajesh.

 

[protean]

Demographic invasion is as tasty as laddu

Lol. Lati will be pushed in the behinds of these termites and will be thrown in camps to do latrine cleaning in India. I hope you are the first one to invade assam. Haha.