CPD forecasts 2.5% GDP growth

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CPD forecasts 2.5% GDP growth

It has been taken into consideration that all economic activities were affected prominently during the almost two-month long general holiday period

The Centre for Policy Dialogue (CPD) has forecast a GDP growth of 2.5% for the ongoing fiscal year as most of the sectors contributing to GDP were hit hard by the Covid-19 pandemic.

CPD made the statement in a virtual briefing on “Challenges of Policymaking in Times of Pandemics State of the Bangladesh Economy in FY2020″ on Sunday.

“CPD estimates suggest that the GDP growth in FY2020 is likely to come down to about 2.5%, under the most optimistic scenario if further general holidays are not announced or stricter measures are not enforced during the rest of days of the fiscal year,” said the think tank.

It has been taken into consideration that all economic activities were affected prominently during the almost two-month long “general holiday period” at varying degrees concerning all sectors of the economy.

The hardest hit sectors include, manufacturing, construction, hotels, restaurants, transport, storage, communication, community, social and personal services, it added.

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