Macroeconomic Forecast Bangladesh

BMI View: Having revised our real GDP growth forecast for FY2008/09 (July-June) down to 4.8% (from 5.5% previously) in early 2009, we continue to believe that this figure is well-balanced in light of the challenges facing Bangladesh. As before, falling garments exports and remittances will be the main channel of transmission for the global economic crisis, while the ability of the government to support growth will be limited. Nevertheless, the economy should benefit from comparatively low commodity prices in 2009 as well as period of relative stability on the political front.

To read the full article, please choose one of the following options: