Business Desk :
The Global Economist Forum said that the Bangladesh economy would enjoy one of the happiest year in respect of economic freedom and political stability, which will help to achieve above 7.5 annual growth, despite the liquidity crisis been facing in the begging of the year by the commercial banks, says a press release.
The United Nations general permanent consultant organisation under it Economic and Social Council (ECOSOC)-Global Economist Forum (GEF) has released its worldwide economic prediction for 2019 including Bangladesh.
According to the prediction of GEF, Bangladesh exports will be significantly increased due to the US-China trade tension. Moreover, Bangladesh could be able to tap huge amount of foreign direct investment (FDI), especially in the special economic zones.
The revenue collection would face short of target due to poor business gain and slow growth in private sector. But public sector, especially power sector will fetch huge investment including in the power transmission. The power transmission sector could gain investment worth Tk 22,000 crore in 2019. The government debt to the GDP could be increased to 30 percent, as maximum large tax payers have either incur loss or make marginal profit in business.
According to central president of GEF Dr Enayet Karim, the actual balance of trade to be minus Tk 175 billion due huge quantity of import against short of export target.
As per the prediction of Dr Mohammad Haider Ali Miah, President of Bangladesh chapter of GEF, the poverty will be significantly reduced and would stood at 21.8 percent due to equal distribution of resources.
Secretary General of Bangladesh chapter of GEF Dr Mamun-Ur Rashid told, “The inward remittance may not increase due to huge job cut in Saudi Arabia, the main labour market of Bangladesh but new job market will be invested and wages would be increased.”
Even then 2019 will be a happiest year for Bangladesh as the political field to be stable.
The Global Economist Forum said that the Bangladesh economy would enjoy one of the happiest year in respect of economic freedom and political stability, which will help to achieve above 7.5 annual growth, despite the liquidity crisis been facing in the begging of the year by the commercial banks, says a press release.
The United Nations general permanent consultant organisation under it Economic and Social Council (ECOSOC)-Global Economist Forum (GEF) has released its worldwide economic prediction for 2019 including Bangladesh.
According to the prediction of GEF, Bangladesh exports will be significantly increased due to the US-China trade tension. Moreover, Bangladesh could be able to tap huge amount of foreign direct investment (FDI), especially in the special economic zones.
The revenue collection would face short of target due to poor business gain and slow growth in private sector. But public sector, especially power sector will fetch huge investment including in the power transmission. The power transmission sector could gain investment worth Tk 22,000 crore in 2019. The government debt to the GDP could be increased to 30 percent, as maximum large tax payers have either incur loss or make marginal profit in business.
According to central president of GEF Dr Enayet Karim, the actual balance of trade to be minus Tk 175 billion due huge quantity of import against short of export target.
As per the prediction of Dr Mohammad Haider Ali Miah, President of Bangladesh chapter of GEF, the poverty will be significantly reduced and would stood at 21.8 percent due to equal distribution of resources.
Secretary General of Bangladesh chapter of GEF Dr Mamun-Ur Rashid told, “The inward remittance may not increase due to huge job cut in Saudi Arabia, the main labour market of Bangladesh but new job market will be invested and wages would be increased.”
Even then 2019 will be a happiest year for Bangladesh as the political field to be stable.
