WB projects 5.4pc BD GDP growth rate

[BDforever]

Bangladesh will achieve a 5.4 percent GDP growth rate in the 2013-14 fiscal, a World Bank (WB) projection has indicated. Chief Economist Zahid Hossain of the international money lender’s Dhaka office revealed this at a press conference on Wednesday. This GDP rate is more than those of neigbouring countries except Sri Lanka, he said. “The 5.4 percent growth is not unsatisfactory at all,” Hossain said. Since Bangladesh has so far seen 6 percent growth, the projected rate might seem too little, he said. “The World Bank thinks the growth is satisfactory compared to the neighbouring countries,” the economist added. The WB has projected India’s GDP growth at 4.8 percent, 3.8 percent for Nepal, 3.4 percent for Pakistan, and 7.4 percent for Sri Lanka. Earlier, the Asian Development Bank (ADB) had hinted at a 5.7 percent growth, while the International Monetary Fund (IMF) pegged it below 6 percent. The Bangladesh government also revised its growth target to 6.5 percent from 7.2 percent because of a long spell of political unrest before the Jan 5 parliamentary elections. The WB said the Bangladesh economy had suffered a loss of $1.4 billion due to the poll-related political turmoil,according to bdnews24.com.

source: WB projects 5.4pc GDP growth rate | 24 News | Financial Express :: Financial Newspaper of Bangladesh

We are doing bad now

 

[NGV-H]

Second highest in South Asia is nothing to scoff at. There are many countries in the South Asian region BD had to surpass to achieve this.