{"id":114,"date":"2024-10-11T03:52:22","date_gmt":"2024-10-11T03:52:22","guid":{"rendered":"https:\/\/www.reflectionnewsbd.com\/?p=114"},"modified":"2024-10-11T03:52:22","modified_gmt":"2024-10-11T03:52:22","slug":"gdp-growth-to-slow-to-4-wb-in-april-the-projection-for-fy24-25-was-5-7","status":"publish","type":"post","link":"https:\/\/www.reflectionnewsbd.com\/?p=114","title":{"rendered":"GDP growth to slow to 4%: WB In April, the projection for FY24-25 was 5.7%"},"content":{"rendered":"
RN Desk: The World Bank on Thursday downgraded Bangladesh\u2019s economic growth outlook for the fiscal year “July 2024-June 2025” to 4% from its April projection of 5.7% due to \u201csignificant political uncertainties\u201d clouding industrial expansion prospects. In addition, repeated floodings would crimp agricultural potentials, the US-based organisation said.<\/p>\n

However, economic growth is expected to pick up in the medium to long term as a result of the reform initiatives being taken by the interim government.<\/p>\n

Growth will be in the range of 3.2%-5.2% for the fiscal year 2024-2025 with a mid-point at 4%, the multilateral lender said citing the \u201clack of reliable data.\u201d<\/p>\n

In its updated report, World Bank said, “The wide range of the growth projection reflects the lack of available or reliable data in recent months, and significant uncertainties around the political and economic outlook following the recent political turmoil.”<\/p>\n<\/article>\n

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