WB doubts 7.05 pc growth expectation

The World Bank has projected 6.8 percent GDP growth for Bangladesh in the next fiscal year (2016-'17), reports the UNB.

 

However, there is no specific forecast for the current fiscal of 2015-16, said lead economist of the World Bank in Dhaka office, Dr Zahid Hussain.

 

Dr Zahid said, "Except credit flow towards export and private sector, other economic indicators show lower growth than previous fiscal. So our projection is not totally similar with the government's calculation of 7.05 pc GDP growth during the year."

 

In its Bangladesh development update released on Saturday, the global lending agency said no economic indicator except export grew faster in the fiscal year 2015-16.