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7.5pc GDP growth in FY ’18-19: ADB

7.5pc GDP growth in FY ’18-19: ADB

The Asian Development Bank (ADB) projected 7.5 percent GDP growth for Bangladesh in the fiscal year 2018-2019 with continued strong consumption and public investment.

Bangladesh export and remittance are likely to remain steady, according to the ADB outlook 2018 released today.

However, the expansion in import is likely to be slower.

On the supply side, strong industrial growth is likely to continue and contribute to the stable growth.

Bangladesh economy is in good shape and growth momentum is likely to continue, the release said adding that the country has recorded over 7 percent growth rate for the three consecutive years, reaching growth to 8 percent now.

- Source: News websites