BM Desk : In its twice-yearly report, the World Bank maintained its forecast for Bangladesh’s economic growth at 3.3 percent for the current fiscal year compared to its forecast for the previous April.
The World Bank predicted 3.3 percent GDP growth for Bangladesh in its April update report on South Asia, which was released ahead of its spring meeting. In January, the Washington-based global lender released its first Global Economic Prospects report of the year, predicting 4.1 percent GDP growth for Bangladesh.
For the same fiscal year, the Bangladesh Bureau of Statistics released preliminary GDP growth data of 3.97 percent. The World Bank predicted 4.9 percent GDP growth for Bangladesh in the upcoming fiscal year of 2025–2026, which is 0.5 percentage points less than its earlier forecast released in January.
The bank reduced its projections for about 70% of global economies, including the US, China, and Europe as well as six emerging market countries, from the levels it had predicted just six months prior to US President Donald Trump’s inauguration, according to the research released today.