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Biz World - October 13, 2021

IMF projects 6.4pc growth for Bangladesh in FY2022

Lower than estimate of BBS

Staff Correspondent: The International Monetary Fund (IMF) has projected 6.5% growth of the Gross Domestic (GDP) for Bangladesh in the current fiscal year 2021-22.
The projection came from the flagship report of the IMF titled “World Economic Outlook” released globally yesterday ahead of the annual meeting of the World Bank Group and IMF.
Earlier on last week, the World Bank projected 6.4% growth for Bangladesh in the current fiscal. The projection of the IMF is just 1 basis point higher than the World Bank.
In April, the IMF projected 7.5% for Bangladesh’s economy in FY 2022, higher than the government’s target 7.2%. The development agency dropped the projection by 1 percentage point.
The report projected 4.6% growth for Bangladesh in the previous fiscal year 2020-21. The rate is 87 basis points lower than the preliminary estimate of the BBS, 5.47%.

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