Opinion poll shows Awami League gaining people’s trust, more people want govt to complete term

[bdslph]

maybe BAL can change the name of the country from BD to MD Mujib Desh that would be awesome
so no complain from me and change the national anthem no complain from

 

[bongbang]

maybe BAL can change the name of the country from BD to MD Mujib Desh that would be awesome
so no complain from me and change the national anthem no complain from

Dont you know both name of Bangladesh and national anthem was proposed by SM. So why this third class sentence which makes no sense.

 

[bdslph]

BAL can change anything they want to

 

[Nilgiri]

Bangladesh doesn't use real GDP. Our inflation rate is 9-10%, whereas nominal GDP growth rate is 6-6.3%.

@Nilgiri Also, we are the 12th most corrupt nation in the World (from 14th a year ago). Most below us are either in internal conflict or international sanctions. Also, any media that posts anti-government stuff or questions its credibility, gets shut down and it's journalists get jailed.

That doesnt make sense....a 6 percent nominal growth and 10% inflation means you are contracting by about 4% in real terms? Such conditions would cause a mass scale revolution whoever is in charge (BNP or AL)

According to IMF, nominal growth in USD between 2013 and 2014 for example is supposed to be 185.4/161.7 = 1.1465 or roughly 14.7% growth

Source: Report for Selected Countries and Subjects

Inflation for that year was: Report for Selected Countries and Subjects

i.e 185/173.6 = 1.069 or around 7%.

So there was 7.7% real growth give or take....the last few percentage points of difference probably come from appreciation of Taka vs USD etc.

 

[Jay12345]

That doesnt make sense....a 6 percent nominal growth and 10% inflation means you are contracting by about 4% in real terms? Such conditions would cause a mass scale revolution whoever is in charge (BNP or AL)

According to IMF, nominal growth in USD between 2013 and 2014 for example is supposed to be 185.4/161.7 = 1.1465 or roughly 14.7% growth

Source: Report for Selected Countries and Subjects

Inflation for that year was: Report for Selected Countries and Subjects

i.e 185/173.6 = 1.069 or around 7%.

So there was 7.7% real growth give or take....the last few percentage points of difference probably come from appreciation of Taka vs USD etc.

there was a change in the base year hence why 14.7 percent

 

[Nilgiri]

there was a change in the base year hence why 14.7 percent

Looking back at the economic data all the way back to 2000:

GDP USD:
Report for Selected Countries and Subjects

Deflator:
Report for Selected Countries and Subjects

One notices pretty quickly that growth was always in the 10 - 14% nominal range since about 2003, barring a few years and inflation has also held steady around.7% mark. Real growth has always been around the 5 - 6.5% mark as a result....confirmed by the following IMF data:

Report for Selected Countries and Subjects

All in all, Bangladesh is doing quite well....can of course be doing better.

 

[24 Hours]

Looking back at the economic data all the way back to 2000:

GDP USD:
Report for Selected Countries and Subjects

Deflator:
Report for Selected Countries and Subjects

One notices pretty quickly that growth was always in the 10 - 14% nominal range since about 2003, barring a few years and inflation has also held steady around.7% mark. Real growth has always been around the 5 - 6.5% mark as a result....confirmed by the following IMF data:

Report for Selected Countries and Subjects

All in all, Bangladesh is doing quite well....can of course be doing better.

You have a lot of knowledge on our economy, it's impressive I must admit.

 

[Nilgiri]

You have a lot of knowledge on our economy, it's impressive I must admit.

One of the countries that is punching above its weight in getting the basics correct and pushing for advantage in todays globalised competitive world wherever it can and doing quite well.

I have been following Bangladesh growth and development story for quite some time, it is quite an inspiring story for me....and there are lessons in there for rest of South Asia.

 

[24 Hours]

@Nilgiri Also, we are the 12th most corrupt nation in the World (from 14th a year ago). Most below us are either in internal conflict or international sanctions. Also, any media that posts anti-government stuff or questions its credibility, gets shut down and it's journalists get jailed.

We were 27th actually, but we went up a bit Not as bad but, still something to be very concerned about. We're still the most corrupt country in South Asia, unless you count Burma and Afghanistan as part of South Asia.

One of the countries that is punching above its weight in getting the basics correct and pushing for advantage in todays globalised competitive world wherever it can and doing quite well.

I have been following Bangladesh growth and development story for quite some time, it is quite an inspiring story for me....and there are lessons in there for rest of South Asia.

It is certainly something we are proud about, but we have still have many things to go over as the survey shows. Though we've made good strides in socioeconomic developments I and as the survey shows many Bangladeshis as well feel we are lagging behind in other areas. Still I will remain optimistic in my country's development.

 

[Echo_419]

Opinion poll shows Awami League gaining people’s trust, more people want govt to complete term -
bdnews24.com

Opinion poll shows Awami League gaining people’s trust, more people want govt to complete term
Desk Report, bdnews24.com

Published: 2015-09-04 14:18:06.0 BdST Updated: 2015-09-04 14:18:06.0 BdST


An opinion poll has found the ruling Awami League is gaining the trust of the people in Bangladesh with most participants saying the country is heading in the right direction. However, they also marked corruption as the biggest obstacle to development and most disapproved of the actions of police, parliament, and the opposition. The findings of the survey with a sample size of 2,500, conducted by Nielson-Bangladesh for the US-based research organisation, International Republican Institute (IRI) in May and June this year, was published on Wednesday.

• 
  
  
  
  The results show, in the one-and-a-half year after assuming office for a second consecutive spell, Prime Minister Sheikh Hasina’s government has 66 percent support, while her party, the ruling Awami League, has garnered one percent more. Despite shortcomings, people were feeling increasingly optimistic about the country’s prospects, with 62 percent of the respondents believing it was on the right track. That is a six percent rise from the results of a similar survey in 2014.
  
  
• 
  
  
  
  A total of 60 percent said they liked the Awami League. A similar share said they did not support the Jamaat-e-Islami and Jatiya Party. BNP is liked by 40 percent, while 46 percent said they disliked the party.
  
  
• 
  
  
  
  The respondents also justified their increased support for the Awami League, based on factors they look for in a political party such as strength of leadership, young leaders, support for women, etc.
  
  
• 
  
  
  
  Greater confidence on the Awami League seen among the participants because, they said, of the work done for education, infrastructural development, health, and national security.
  
  
• 
  
  
  
  However, most identified corruption as the main obstacle to development along with factors like political instability and law and order. Most of the respondents, 68 percent, said they were satisfied with the state of law and order, while 64 percent felt the political situation was stable.
  
  
• 
  
  
  
  The public support for a caretaker government to hold elections appeared to have weakened, according to the survey findings. In 2014, 77 percent wanted national polls under such an arrangement, while 18 percent had opposed the notion. But the findings of 2015 show a 10 percent fall in support, while opposition to it has climbed to 22 percent.
  
  
• 
  
  
  
  Along with the fall in support for holding polls under a non-elected government, the survey also found that the respondents were keen to see the present government complete its term.
  

RAW. has succeeded again

 

[Stannis Baratheon]

So there was 7.7% real growth give or take....the last few percentage points of difference probably come from appreciation of Taka vs USD etc.

And you believe we had a 7.7% GDP growth. Even our government says GDP growth was between 6.6-6.8%

We were 27th actually, but we went up a bit Not as bad but, still something to be very concerned about. We're still the most corrupt country in South Asia, unless you count Burma and Afghanistan as part of South Asia.

That was before AL took charge. After than we started sliding downwards.

 

[Nilgiri]

And you believe we had a 7.7% GDP growth. Even our government says GDP growth was between 6.6-6.8%

Hence I said the difference probably comes from appreciation of Taka vs USD.

In early 2013, about 79 - 80 Taka per USD, this changed to 77.5 Taka in early 2014.

XE.com - USD/BDT Chart

That is an appreciation of about 2%. A difference of 1% would depend on which exact dates they used during the conversions in the 2 years.

So yes a higher growth figure by a percent or 2 when calculating in USD is totally expected since BDT appreciated against USD in that time period by about the same amount.

So 7.7 % growth in USD and 6.8% growth in Taka of Bangladesh economy.

 

[Stannis Baratheon]

Hence I said the difference probably comes from appreciation of Taka vs USD.

In early 2013, about 79 - 80 Taka per USD, this changed to 77.5 Taka in early 2014.

XE.com - USD/BDT Chart

That is an appreciation of about 2%. A difference of 1% would depend on which exact dates they used during the conversions in the 2 years.

So yes a higher growth figure by a percent or 2 when calculating in USD is totally expected since BDT appreciated against USD in that time period by about the same amount.

So 7.7 % growth in USD and 6.8% growth in Taka of Bangladesh economy.

I forgot to mention to you that the government had allowed black money to re-enter the money market as legal money. Thus the high corruption rate and high GDP.

 

[Nilgiri]

I forgot to mention to you that the government had allowed black money to re-enter the money market as legal money. Thus the high corruption rate and high GDP.

Hmm, that is an interesting development. Do you have a link/source regarding this?

It may manifest in the real growth being a little off in some of the years even after my analysis. It would depend on how Bangladesh classifies the black money laundering through solid economic investment, simple FII inflow, something else entirely or combination of these. Then that would of course have to be compared with the amount of black money leaving the country still. The exact cycles of these are beyond my expertise, a diligent transparent financial audit would be needed to shed some light.

That is the grey area in the numbers accessible to us.

Are you saying the black money situation has gotten worse under AL compared to BNP and if so, how much worse would you say?

The round tripping exercise is familiar one with China doing it via Hong Kong and India via Mauritius...which is the main conduit for Bangladesh?

 

[Stannis Baratheon]

Hmm, that is an interesting development. Do you have a link/source regarding this?

It may manifest in the real growth being a little off in some of the years even after my analysis. It would depend on how Bangladesh classifies the black money laundering through solid economic investment, simple FII inflow, something else entirely or combination of these. Then that would of course have to be compared with the amount of black money leaving the country still. The exact cycles of these are beyond my expertise, a diligent transparent financial audit would be needed to shed some light.

That is the grey area in the numbers accessible to us.

Are you saying the black money situation has gotten worse under AL compared to BNP and if so, how much worse would you say?

The round tripping exercise is familiar one with China doing it via Hong Kong and India via Mauritius...which is the main conduit for Bangladesh?

By official stance AL has allowed all those who have hidden taxes from the government to bring those back to the economy without facing any legal consequences. That's encouraging more people to avoid taxes but the government doesn't want to lower revenue, thus it is increasing prices of oil, gas and electricity when at the global market the opposite has happened. For which there are very little subsidies for oil related products and it gets to spend money elsewhere.

Also the government has more power over legal system now than ever before, thus it can knock down any investigation into it. Also, it imprisons anyone who says something against it and shuts down media networks for doing so.

Basically, Hasina is trying to do what Stalin and Mao did with Russia and China, that is kill the population (not caring about increase in prices of commodities) for development of nation.

Under BNP it was Tariq and his little goons taking a lot but under AL, there are too many of them all trying to take what they can.