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Nepal, Bangladesh growth to top India, China

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Nepal, Bangladesh growth to top India, China
TNN | Updated: Jun 10, 2020, 04:29 IST
76293046.jpg
TNN
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NEW DELHI: Amid a sea of sharp contractions across economies around the globe, one country stands out: the tiny Caribbean nation of Guyana, which according to the World Bank's latest Global Economic Prospects report, is forecast to grow by 51.1% in 2020-21 - fuelled by the beginning of oil production in an offshore field.

Egypt, Benin, Ethiopia and Uganda are forecast to grow at 3% to 3.2%. Vietnam
is likely to grow at 2.8%. Bangladesh 1.6%, Myanmar 1.5%, Nepal 1.8% and Bhutan 1.6% are seen remaining above the contraction level south Asia, as a whole, is expected to experience.

China is projected to slow to 1% in 2020 - by far the lowest growth it has registered in more than four decades. It is estimated the Indian economy will contract by 3.2% due to the impact of the strict lockdown.


Guyana's economy is projected to expand dramatically this year as phase 1 oil production of the offshore Liza oil field comes online and phase 2 development begins.

https://www.google.com/amp/s/m.time...-top-india-china/amp_articleshow/76293030.cms
 
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Look like WB and IMF has very different growth projection on Bangladesh compared to Bangladesh finance minister. Time will tell, which ones prediction comes up as the true one. Q2 number will give more insight about the real 2020 growth rate.
 
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Look like WB and IMF has very different growth projection on Bangladesh compared to Bangladesh finance minister. Time will tell, which ones prediction comes up as the true one. Q2 number will give more insight about the real 2020 growth rate.

Bangladesh Finance Minister is a day dreamer.
 
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So at the moment the best case scenario is 2%? Also is this growth for 2019-2020 or 2020-2021?
 
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So at the moment the best case scenario is 2%? Also is this growth for 2019-2020 or 2020-2021?

1.6%, I'd go with the lowest projection, that way we'd have something solid to work with instead of overestimatations.


Besides, there's other more important economic pointers than just growth rate, the outlook is very poor if you dig deeper beneath the surface.
 
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People get excited but these are just stats and can be changed adjusted and interpreted how you want
 
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My own projection for BD, its economy will contract in next 2020-21 FY if the pandemic does not stop, westerners are locked in the houses, cannot come out to work and buy textile goods.
 
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My own projection for BD, its economy will contract in next 2020-21 FY if the pandemic does not stop, westerners are locked in the houses, cannot come out to work and buy textile goods.


Who told you that?
 
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My own projection for BD, its economy will contract in next 2020-21 FY if the pandemic does not stop, westerners are locked in the houses, cannot come out to work and buy textile goods.
Ppl are going out slowly. In canada most stores opened from this week. Except malls. Also you can buy online.
 
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My own projection for BD, its economy will contract in next 2020-21 FY if the pandemic does not stop, westerners are locked in the houses, cannot come out to work and buy textile goods.

Contraction won't happen, growth will slow down though.

Western world will go back normal in 3 - 4 months tops.
 
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Did not I say it is my own projection? Why, is it wrong if the Pandemic cannot be cured?


No Westerners are not locked up in their own houses and not going out. Already schools and shops are starting to open up in most European countries.

Europe has been slowly lifting lockdown since April and certain European countries like France and Norway have already said there will be no 2nd lockdown as they cannot afford the social and economic damage.

This is a disease that preys on very old(70+) people and/or those with pre-existing medical conditions. Worse case they will be shielded while the rest of the population goes back to normal.
 
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Contraction won't happen, growth will slow down though.

Western world will go back normal in 3 - 4 months tops.
Say, western economy starts normal in the next 4 months. It is then September, 2020. I do not think the next week they will start giving order to BD for textiles. There will remain a time lag between the two events. So, I can say that order will be coming to BD in November, 2020 only if the Pandemic is under control.

So, there will certainly be economic contraction. BD does not possess a Magic Lamp.
 
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Say, western economy starts normal in the next 4 months. It is then September, 2020. I do not think the next week they will start giving order to BD for textiles. There will remain a time lag between the two events. So, I can say that order will be coming to BD in November, 2021 only if the Pandemic is under control.

So, there will certainly be economic contraction. BD does not possess a Magic Lamp.

By November of 2021, there should be a vaccine, hopefully anyway.
 
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