• Home
  •   Business & Finance

ADB projects 6.4pc GDP growth for Bangladesh

25 September,2014

RTNN News Desk: Bangladesh’s economy is expected to improve this fiscal year as all major economic indicators are showing a sign of improvement, the Asian Development Bank (ADB) said on Thursday.

The ADB in its outlook update report said that Bangladesh’s gross domestic product or GDP will grow by 6.4 percent in the current fiscal year, up from 6.1 percent a year ago.

“We are very positive on Bangladesh’s growth this year,” said Mohammad Zahid Hossain, principal country economist of the ADB.

Zahid presented the findings on the Asian Development Outlook Update (ADOU) 2014, at the ADB’s Dhaka office.

“Import of capital machinery and raw materials are improving. After restructuring, export is also increasing,” he said.

Yet, there are binding limitations in the economy, he said.

According to him, infrastructure constraints, inadequate supply of power, inability to mobilise resources and political unrest could dampen investors’ confidence and economic activities.

Other News(Business & Finance)

Farmers must pay tax: Finance Minister

“It is time for farmers to realise that they, too, must pay taxes because many have meanwhile become big farmers,” Muhit . . . Detail

‘Stern action against traders who hoarding’

Commerce Minister Tofail Ahmed has warned of stern action against the traders who are hoarding products in a bid to make . . . Detail

Acting Editor: Elias Hossain, Golam Rasul Plaza (2nd Floor), 404 Dilu Road, New Eskaton, Dhaka-1000
Phone: +880-2-8312857, Fax +880-2-8311586, News Room Mobile: +880-1674757802; Email: rtnnimage@gmail.com