The GDP (gross domestic product) growth of Bangladesh is expected to slow down from 5.2 per cent in FY24 to within the range of 3.2 per cent – 5.2 per cent in FY25, with a mid-point of 4.0 per cent.
World Bank South Asia Development Update further mentions that the wide range of the growth projection reflects the lack of available or reliable data in recent months, and significant uncertainties around the political and economic outlook following the recent political turmoil.
In the short term, political uncertainties are expected to keep investment and industrial growth subdued. Recent floods are expected to set back agricultural production modestly.
In the medium to long term, growth is expected to pick up gradually, benefiting from critical reforms in the financial sector, increased domestic resource mobilisation, improved business climate, and increased trade, read the report.
