DHAKA: World Bank (WB) predicted that the growth of Gross Domestic Product (GDP) of Bangladesh at the end of this fiscal will be around 6.5 percent.

The government, on the other hand, has said it is expecting a 7 percent GDP growth in this fiscal while the Asian Development Bank in ‘Asian Development Outlook 2015’ in September predicted that the growth would be around 6.7 percent.

The world lender also termed the 6.2 percent rate of inflation fixed by the government as achievable.

The predictions were pronounced in a report, Bangladesh Development-2015, presented at the bank’s Residential Office at Agargaon in the city.

World Bank’s lead economist in the South Asia Finance and Poverty group Zahid Hussain presented the report.

Bank’s Country Director for Bangladesh Johannes Zutt also addressed the program.

Zahid Hussain said to say succinctly, Bangladesh’s economy is now stable but not certain.

He further said country’s GDP growth rate is better, inflation has decreased, the reserve of foreign-exchange is on the rise, state loan against GDP is stable and the budget deficit is also moderate.

All these suggest that the country’s economy is healthy now, he added.

He also said amid all these, insecurity around country's economy has also risen. The main reason of this insecurity is the problem of our efficiency in the international fields of competition and newly emerged problems in the ‘demand and supply’ sector.

Public relations officer of the bank Mehrin A Mahboob was also present here.

BDST: 1505 HRS, OCT 20, 2015
SR/SMS