World Bank forecasts 6.4% GDP growth for Bangladesh in 2018

The World Bank has projected a 6.4% Gross Domestic Products (GDP) growth for Bangladesh in 2018. The global lender made the projection while unveiling Bangladesh Development Update in Dhaka on Wednesday. World Bank lead economist Zahid Hussain: “Gross Domestic Products growth is projected to be robust, and above many developing countries in East Asia and South Asia in the Fiscal Year 2018. He said: “For Bangladesh, growth is expected at 6.4% in FY18, driven by industry and services. “Export growth is likely to pick up modestly with expected recovery in global trade. Remittance may turnaround, and private sector investment may pick up.” For the current fiscal, Bangladesh has set a growth target of 7.4% for the economy. According to Bangladesh Bureau of Statistics (BBS), last year’s GDP growth was recorded at 7.24%. Qimiao Fan, World Bank Country Director for Bangladesh, Bhutan and Nepal, was also present during briefing.