The International Monetary Fund (IMF) has slashed the economic expansion forecast to 6 per cent for Bangladesh for 2023.
The country’s gross domestic product (GDP) is expected to expand 7.2 per cent this year, the global lender said.
The forecast was unveiled through IMF’s latest World Economic Outlook, titled "Countering the Cost-of-Living Crisis", released on Tuesday.
ALSO READ — IMF trims GDP growth for Bangladesh to 6.4%
In the previous forecast in April this year, the global lender projected 6.7% growth for the South Asian country for 2023.
It, however, then cut the GDP growth forecast to 6.4 per cent for this year.
ALSO READ — WB cuts GDP forecast to 6.1%
Meanwhile, the World Bank on Thursday trimmed the GDP forecast for Bangladesh by 0.6 percentage point to 6.1 per cent for FY2022-23.
According to the Bangladesh Bureau of Statistics (BBS) provisional data, Bangladesh attained 7.25 per cent GDP growth in the last fiscal year (FY22).
The government has projected a 7.5 per cent growth in the economy for the 2022-23 financial year.
