ADB predicts 7.5% growth for Bangladesh

The Asian Development Bank (ADB) has projected 7.5 percent GDP growth for Bangladesh in the fiscal year 2018-2019.

The Asian Development Bank (ADB) has projected 7.5 percent GDP growth for Bangladesh in the fiscal year 2018-2019.

The growth is attributed to sustained strong consumption and frequent public investments.

As per the ADB outlook released on Wednesday, the export and remittance flow in Bangladesh is expected to remain stable.

On the other hand, import will be slower than other fiscals.

Potential industrial growth and is likely to continue, which will ensure growth and jobs, said the ADB paper.

Bangladesh economy is in good shape and growth momentum is likely to continue, the release said adding that the country has recorded over 7 percent growth rate for the three consecutive years, reaching growth to 8 percent now.