Male participation in the labour force held essentially steady, while female participation plummeted from 2.53 crore to 2.37 crore.
The slide in GDP growth is a complex interaction of a whole host of factors.
Over the past eight years until fiscal year 2023-24, the country’s economy grew by more than 50 percent, painting a rosy picture of performance by major sectors, while the expansion did not translate into job creation.
Bangladesh’s gross domestic product is projected to surpass the $500 billion mark for the first time in the upcoming fiscal year contingent upon exchange rate stability.
Bangladesh’s GDP grew by 3.97 percent this fiscal year, the slowest in 34 years excluding the pandemic, on the back of lower growth in the agriculture and service sectors.
Higher tariffs on Bangladeshi exports will cost more for American consumers, resulting in reduced demand.
The WB attributed the overall deceleration in the first three quarters of FY25 to a sharp decline in private and public investment
Bangladesh’s economy started showing signs of a turnaround in the second quarter of the fiscal year, official statistics show, although economists caution that Trump’s tariff measures are likely to slow down the momentum.
The finance ministry is likely to project that the country’s gross domestic product (GDP) will surpass the $500-billion mark for the first time in the upcoming fiscal year (FY), anticipating an economic rebound in FY 2025-26.
The WB attributed the overall deceleration in the first three quarters of FY25 to a sharp decline in private and public investment
Bangladesh’s economy started showing signs of a turnaround in the second quarter of the fiscal year, official statistics show, although economists caution that Trump’s tariff measures are likely to slow down the momentum.
The finance ministry is likely to project that the country’s gross domestic product (GDP) will surpass the $500-billion mark for the first time in the upcoming fiscal year (FY), anticipating an economic rebound in FY 2025-26.
Bangladesh’s economy grew by 4.22 percent in fiscal 2023-24 fiscal year, the lowest in four years, marking the second consecutive year of deceleration due to weak consumption and exports.
Improve law and order, rebuild trust with international partners
The interim government of Bangladesh will likely revise the country’s projection of gross domestic product (GDP) growth to 5.25 percent from 6.75 percent for the current fiscal year of 2024-25..This issue was discussed at a fiscal coordination council meeting chaired by Finance Adviser Sal
Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.
Govt must stabilise the economy, restore business confidence
Decision makers need to be very cautious regarding who they put up to dispassionately clear the mess.
The Washington-based lender said the economy would grow by 5.7 percent in 2023-24, lower than the 6 percent forecast in October. The gross domestic product (GDP) projection was 6.5 percent initially.
