Bangladesh Economy to Expand by 6% in 2022: UN Report

The United Nations has projected that Bangladesh economy was expected to expand by 6 per cent in 2022.

In its latest “World Economic Situation and Prospects 2022” report released on Thursday, the UN said that “amid sound macroeconomic policies, Bangladesh has navigated the Covid-19 pandemic relatively well. GDP (gross domestic product) is projected to expand by 6 per cent in 2022.”

“Economic activity rides on export growth and the rising demand for apparel, robust remittance inflows, and accommodative fiscal and monetary policies,” it added.

According to the report, Bangladesh’s rate of growth of real GDP was predicted at 5.8 per cent in 2022 and 6.4 per cent in 2023.

The fresh growth report comes just two days after the World Bank reiterated its projection for Bangladesh on its “Global Economic Prospects” report, mentioning the Bangladesh economy is expected to grow by 6.4 per cent in the current 2021-22 fiscal year while 6.9 per cent in the 2022-23 fiscal.