The International Monetary Fund (IMF) has projected 6.6% GDP growth for Bangladesh in FY22. “Despite being hit by multiple waves of the COVID-19 pandemic, quick and decisive actions by the authorities, supported by the external environment, led to a much quicker rebound than Bangladesh’s regional peers,” reads the statement.
Growth is expected to pick up to 6.6% in FY22 as the impact of the pandemic abates and policies remain accommodative while the country will see a rise to 7.1% in the next fiscal with more of the population getting COVID-19 vaccines. However, the IMF warned that the uncertainty of this outlook “remains high” and “risks are tilted to the downside.”
Source: The Business Standard