Bangladesh economy to increase 6.8% in 2017: World Bank
Bangladesh economy is hoped to increase by 6.8 percent in 2017, slightly falling from 7.1 percent the previous year, the World Bank has said in a report.
The global lender, in its report Global Economic Prospect released Sunday, attributed the decrease in growth to sliding remittance and shrink in internal demand and industrial production.
The report said, Bangladesh’s growth has been credited to “solid agricultural activity and robust services this year, despite ongoing security concerns.”
The World Bank has thrown out a strong 7.2% growth rate for India this year against 6.8% growth in 2016.
The growth projections for China remain unchanged at 6.5% for 2017 and then 6.3% for the next two years 2018 and 2019. The World Bank in its latest Global Economic Prospects, projects Indias growth to 7.5% in 2018 and 7.75% in 2019.
In both the years, the forecast has been downgraded by 0.3 per cent and 0.1 percentage points as compared to the January 2017 forecast.
Globally, World Bank forecasts the economic growth to extend to 2.7 percent in 2017, supported by a pickup in manufacturing and trade, rising confidence, benign financing conditions, and stabilising commodity prices.
In East Asia and Pacific region, growth is planned to ease to 6.2 percent in 2017 and to 6.1 percent in 2018, the report forecasts.