Macroeconomic Forecast Bangladesh

ver the first nine months of FY2010/11 (July-June), Bangladesh recorded a current account surplus of US$0.7bn, 73.9% narrower than the surplus achieved in the same period in FY2009/10. Even with strong export growth, the trade deficit has continued to widen, hitting US$5.6bn by March (42.2% higher than the deficit in March 2010). Unlike recent years, remittance growth has been substantially weaker, providing a lot less support to the country's surplus. March's statistics place downside risk to our end-FY2010/11 current account forecast of a US$1.1bn surplus.

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