BSS, Dhaka :
The country would achieve at least 6.5 percent GDP growth at the end of the current 2014-15 financial year (FY15), said Bangladesh Bank (BB).
“Bangladesh’s success in achieving moderately high growth along with respectable high stability is only comparable with China’s in the region of Asia and the Pacific,” the BB said in its first ever series booklet titled Bangladesh: A Stable and Vibrant Economy.
Launching the booklet on Sunday at the central bank’s headquarters in the capital city, BB Governor Dr Atiur Rahman said the country’s growth performance had been ‘spectacularly stable, with achieving a ‘respective average annual growth of 6.4 percent over the last 12 years.
“The central bank has revised the country’s growth target for the FY15 considering the political disturbance and domestic odds,” BB chief economist Biru Paksha Paul, who is also the lead author of the publication, said.
He, however, said that the country maintained above the average growth rate generated by the emerging and developing economies.
Terming Bangladesh as a regional star performer in growth and social development indicators, the booklet said the country consistently exceeded the average growth rate of its peers who got similar ratings by the rating agency Standard and Poors.
“Bangladesh is an economy of proven resilience and vibrancy. Political disturbances or natural disasters could not pull its growth down, because the people are amazingly adaptive and hardworking,” the booklet noted.
The BB attributed the growth to the strong consumer demand and resilient business moods.
The World Bank (WB) on Sunday said the GDP growth in Bangladesh economy would come down to 5.6 percent at the end of FY15 as the recent political chaos cost the country around $2.2 billion.
Finance Minister Abul Maal Abdul Muhith later on the same day expressed his high optimism about achieving near 7.0 percent economic growth at the end the current fiscal against the 7.3 percent target.
The country would achieve at least 6.5 percent GDP growth at the end of the current 2014-15 financial year (FY15), said Bangladesh Bank (BB).
“Bangladesh’s success in achieving moderately high growth along with respectable high stability is only comparable with China’s in the region of Asia and the Pacific,” the BB said in its first ever series booklet titled Bangladesh: A Stable and Vibrant Economy.
Launching the booklet on Sunday at the central bank’s headquarters in the capital city, BB Governor Dr Atiur Rahman said the country’s growth performance had been ‘spectacularly stable, with achieving a ‘respective average annual growth of 6.4 percent over the last 12 years.
“The central bank has revised the country’s growth target for the FY15 considering the political disturbance and domestic odds,” BB chief economist Biru Paksha Paul, who is also the lead author of the publication, said.
He, however, said that the country maintained above the average growth rate generated by the emerging and developing economies.
Terming Bangladesh as a regional star performer in growth and social development indicators, the booklet said the country consistently exceeded the average growth rate of its peers who got similar ratings by the rating agency Standard and Poors.
“Bangladesh is an economy of proven resilience and vibrancy. Political disturbances or natural disasters could not pull its growth down, because the people are amazingly adaptive and hardworking,” the booklet noted.
The BB attributed the growth to the strong consumer demand and resilient business moods.
The World Bank (WB) on Sunday said the GDP growth in Bangladesh economy would come down to 5.6 percent at the end of FY15 as the recent political chaos cost the country around $2.2 billion.
Finance Minister Abul Maal Abdul Muhith later on the same day expressed his high optimism about achieving near 7.0 percent economic growth at the end the current fiscal against the 7.3 percent target.
