The Asian Development Bank (ADB) has revised its economic growth forecast for Bangladesh to 5.1% for the current fiscal year, citing political unrest in July and August, as well as recent floods, as key factors. The Asian Development Outlook report, released on September 25, noted that the forecast remains uncertain due to significant risks affecting the macroeconomic outlook.
These risks include ongoing political instability, security concerns, and vulnerabilities in the financial sector. The report also highlighted tight fiscal and monetary policies, which are expected to limit consumption and investment demand.
Back in April, ADB had predicted Bangladesh’s GDP growth would reach 6.6% for the fiscal year 2024-25.
Share this
