Economic growth to accelerate 6.2pc
Economic growth to accelerate 6.2pc
WB forecasts for current fiscal year amid strong domestic demand
The economy may grow by 6.2 percent this fiscal year thanks to strong domestic demand and a revival in private investment activities and remittance flow, the World Bank said yesterday.
The economy's natural capacity is sufficient to achieve growth of more than 6 percent, Zahid Hussain, a lead economist of the WB's Dhaka office, said. “And, it will not require a huge jump in investment.”
But to achieve the targeted 7.2 percent growth, the country would have to raise the stagnant investment-GDP ratio to 35 percent from the present 28.7 percent.
“An investment boom is required for taking the investment-GDP ratio to that level,” he told reporters while making a presentation on the economy...
