Meanwhile, the report also predicted that consumer prices will rise in Bangladesh by 3% by the end of 2021<\/p>\n
The International Monetary Fund (IMF) has projected a 5%\u00a0 Gross domestic product (GDP) growth for Bangladesh in 2021.<\/p>\n
In its latest World Economic Outlook, the global lender also projected a 7.5% GDP growth for Bangladesh in 2022 and 5.4% in 2026.<\/p>\n
Meanwhile, the report also predicted that consumer prices will rise in Bangladesh by 3% by the end of 2021.<\/p>\n
According to the finding of the report, Pakistan\u2019s real GDP is expected to increase by 1.5% in 2021.<\/p>\n
The report also predicted a 12.5% economic growth for India in 2021, which, however, would fall to 6.9% in 2022.<\/p>\n
Improved global outlook<\/p>\n
The IMF report stated that the global economy was looking positive and projected a 6% global growth in 2021, dipping to 4.4% in 2022<\/p>\n
\u201cAfter an estimated contraction of \u2013 3.3% in 2020, the global economy is projected to grow at 6% in 2021, moderating to 4.4% in 2022. The contraction for 2020 is 1.1 percentage points smaller than projected in the October 2020 World Economic Outlook (WEO), reflecting the higher-than-expected growth outturns in the second half of the year for most regions after lockdowns were eased and as economies adapted to new ways of working,\u201d the report said.<\/p>\n
\u201cHowever, emerging market economies and low-income developing countries have been hit harder and are expected to suffer more significant medium-term losses,\u201d it added.<\/p>\n
At the end of March, the World Bank forecast that Bangladesh\u2019s Gross Domestic Product (GDP) will increase by 3.6% in 2020-2021 fiscal year, due to better than expected remittance inflows.<\/p>\n
It also forecast that the country\u2019s GDP growth will be at 5.1% and 6.2% in 2021-22 and 2022-23 FYs respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
Meanwhile, the report also predicted that consumer prices will rise in Bangladesh by 3% by the end of 2021 The International Monetary Fund (IMF) has projected a 5%\u00a0 Gross domestic product (GDP) growth for Bangladesh in 2021. In its latest World Economic Outlook, the global lender also projected a 7.5% GDP growth for Bangladesh in […]<\/p>\n","protected":false},"author":1,"featured_media":1274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1273"}],"version-history":[{"count":1,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1273\/revisions"}],"predecessor-version":[{"id":1275,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1273\/revisions\/1275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/media\/1274"}],"wp:attachment":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}