Economic Reporter :
Exports are expected to reach US$3.9 billion by the end of third quarter of the current fiscal year 2015-16, according to an elite chamber’s projection.
Besides, the country’s import would also go up to US$4.9 billion in March of this fiscal, the Metropolitan Chamber of Commerce and Industry, Dhaka said in its economic review for October-December 2015.
Export and import were US$3204 million and US$4150 million until December of fiscal year 2015-16, respectively.
According to the projections, the rate of inflation is expected to go down further because of the decline in commodity and fuel prices in the global market.
“The point to point inflation might come down to 6.02 per cent in March, from 6.10 per cent in December,” it says.
“It is assumed that the relatively calm political situation of the present will continue in the third quarter of the present fiscal year (Q3 of FY16). Therefore, export, import, and remittances will increase further,” it observes.
The review says the foreign exchange reserve is expected to fall in January and March due to payment to the Asian Clearing Union (ACU) against imports.
The remittance is expected rise upto US$1,830 million by end of third quarter, the MCCI said.
