Desk Report
Publish: 13 Oct 2021, 02:29 pm
Representational Image || Photo: Collected
Bangladesh's
GDP is expected to rise by 6.5 percent this fiscal year, according to the International
Monetary Fund (IMF).
The forecast
came from the IMF's World Economic Outlook, which was released on Tuesday and
was headed "Recovery During a Pandemic: Health Concerns, Supply Disruptions,
and Price Pressures."
Bangladesh
is expected to increase by 6.4 percent this fiscal year, according to the World
Bank. The IMF's prediction is only 10 basis points higher than the World
Bank's.
Bangladesh's
GDP is expected to increase by 7.5 percent in FY22, according to the IMF, which
is higher than the government's objective of 7.2 percent. The prediction was
lowered by one percentage point by the development agency.
Bangladesh
is expected to expand at 4.6 percent in FY21, according to the research. The
rate is 87 basis points lower than the BBS's 5.47 percent early projection.
Inflation is
expected to be 5.7 percent in the current fiscal year, slightly higher than in
the previous fiscal year, according to the IMF. According to the research,
inflation will be mild in the coming years, dropping to 5.4 percent in 2026.
The Indian
economy is expected to grow at 9.5 percent in FY21, according to the IMF. The
lender lowered the country's growth forecast from 12.5 percent to 9.5 percent.
Due to
Covid-19, the Indian economy contracted by 7.3 percent in FY20, but it is
expected to rebound by 8.5 percent in FY22.
China's
fiscal year growth is expected to be 5.6 percent, down from 8 percent in FY21,
according to the research.
The analysis
predicted that emerging and developing Asia would return in 2021, with an
average growth rate of 7.2 percent, up from a negative growth rate of 0.8
percent in 2020.
According to
the analysis, the region would grow by 6.3 percent in 2022 and 5.3 percent in
2026.
In 2021, the
Maldives is expected to grow at a rate of 18.9%, the highest in the South Asia
region.
Bangladesh's
growth would be slower than that of other south Asian countries.
Due to an
extremely high level of uncertainty, the report eliminated all predictions for
the years 2021–26.
The global recovery is expected to be strong, but there will be increasing uncertainty.
After
contracting by 3.1 percent in 2020, the Washington-based global banking
institution predicted a better recovery in 2021 and 2022.
The research
predicted global output growth of 5.9% this year, 0.1 percentage points lower
than the July prediction. Next year, the global economy is expected to expand
by 4.9 percent.
The lower
revision for 2021, according to the IMF, reflects a deterioration for advanced
economies – in part due to supply disruptions – and low-income developing
nations, owing to worsening pandemic dynamics.
According to
the research, the rapid spread of delta and the threat of additional varieties
has heightened doubt about how quickly the pandemic can be defeated.
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