It feels we have truly turned a page, where stories of our remarkable progress and growth are an everyday affair
Laudatory remarks about our economy have become commonplace -- Bangladesh is one of the 10 fastest growing economies in the world, and it feels we have truly turned a page, where stories of our remarkable progress and growth are an everyday affair.
However, the fact that Bangladesh is most likely to be the biggest mover in the global gross domestic product rankings by 2030 is just too incredible to not celebrate.
According to a recently published report by HSBC Global Research titled “The World in 2030,” Bangladesh will become the 26th largest economy in the world, jumping 16 places from its current 42nd position in 2018, the highest by any country.
Furthermore, the report projects the real GDP growth of Bangladesh to be 7.1% per year up until 2030, which is the highest among the 75 countries included in the report. In dollar terms, Bangladesh will grow to be a $700bn economy, from about $300bn now, in just 12 years.
There is cause for concern however, and there is fear that the recent trend of closing borders, and increasing tariffs, will have a detrimental effect on world economies -- something we hope that global powers take notice of.
Moreover, despite the obvious cause for celebration, we have a long way to go, and must forge ahead -- it is only through meticulous planning, and efficient implementation of policies will we succeed in fulfilling our vision.
It is one thing to make a leap economically, but a different matter to truly grow as a nation.