Connect with us

Hi, what are you looking for?

FRONTPAGE

IMF predicts BD’s GDP growth rate to be second in Asia-Pacific

Staff Reporter:

The latest report of the Internal Monetary Fund (IMF) on Asia-Pacific region forecasts that Bangladesh’s GDP growth rate in the current fiscal year will overtake than that of China.
The report also predicts that Bangladesh will be in second place, after Vietnam, in terms of GDP growth rate in Asia-Pacific in the next fiscal year.
According to the IMF’s Regional Economic Outlook for Asia and Pacific May 2023 report, Bangladesh is expected to surpass both China and India in terms of growth in 2024.
In Bangladesh, GDP growth rate will slow down to 5.5 percent in 2023 because of demand-management measures, which is still higher than China’s projected growth rate of 5.2 percent.
But the economy of China is much bigger than that of Bangladesh.
The IMF report suggests that the recently approved Extended Fund Facility for Bangladesh will help address economic challenges caused by Russia’s war in Ukraine, and the Resilience and Sustainability Facility arrangement will expand fiscal space to finance climate investment priorities and build resilience against long-term climate risks.
The report highlights the importance of international cooperation, particularly in securing financial assis-tance for climate change adaptation in vulnerable emerging markets in the region, including Bangladesh and the Pacific Islands.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

FRONTPAGE

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Business

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat.

FRONTPAGE

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

FRONTPAGE

Staff Reporter: Members of Border Guard Bangladesh (BGB) in separate drives seized 2.60 lakh yaba pills and 1.05 kg of crystal meth in Teknaf...

Copyright © 2023 The Good Morning. All Rights Reserved.
Editor and Publisher: Enayet Hossain Khan
70, Pioneer Road, Kakrail, Dhaka- 1000, Bangladesh.
Phone: +88-01711424112, +88-01847255828
Email: dailygoodmorning@yahoo.com, thegoodmorningbd@gmail.com
Designed & Maintained By TECHIENET SOFTWARE ltd.