Bangladesh’s economy slowed in fiscal 2022-23 although growth bounced back to 5.78 percent by the end of the year’s fourth quarter, government data shows.

S&P Global Ratings on Tuesday lowered Bangladesh's long-term rating outlook to negative from stable, citing risks the country's external liquidity position could deteriorate in the next year while foreign exchange reserves remain under pressure

The recent downgrade by Moody's of the credit ratings of Bangladesh’s economy and some private banks is not the only indicator that confidence is declining.

The government’s target for borrowing from the banking system in the next fiscal year is set to surpass the Tk 1 lakh crore mark for the second consecutive year amid the twin difficulties of raging inflation and shrinking foreign reserves.

The government is far away from achieving the major targets set for the current fiscal year when the national budget was unveiled in June last year, owing to its failures to assess the global scenario before fixing the goals, experts said.    

Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.

The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.

We toy with the idea of change, but seek accommodation with the status quo.

The main focus of the FY24 budget must be on economic stabilisation.

The political climate is brewing steam. Here's a quick round-up of all the major stories today. 

One could say the success story of Bangladesh’s economic development has been spectacular.

Interventions must involve fiscal policy to address our fundamental economic issues

Interventions must involve fiscal policy to address our fundamental economic issues

The Asian Development Bank (ADB) has downsized its projection for Bangladesh's gross domestic product (GDP) growth to 6.6 per cent in the current fiscal year.

The COVID-19 pandemic hit us at a time when anthropogenic climate change is threatening to destabilise our lives.

There are bright sparks in all corners of the economy, according to the provisional GDP figures for fiscal 2021-22, which do not show a hint of a pandemic hangover when others are still plodding along.

“Per capita income is the income that is not seen by mass people but built on a few people.”

Bangladesh’s economy has grown 7.25 per cent in the outgoing fiscal year of 2021-22, powered by an expansion of manufacturing activities, according to the provisional data of Bangladesh Bureau of Statistics (BBS).

Over the last two decades, Bangladesh has achieved significant economic progress, epitomised by the fact that the country’s GDP, according to the World Bank, grew more than six-fold in real terms from $53.37 billion in 2000 to $324.24 billion in 2020.

After a downturn due to the ongoing Covid-19 pandemic, Bangladesh’s economy has been trying to get back on track and has succeeded in some cases.