IMF slashes Bangladesh's economic growth forecast to 4.5%
International Monetary Fund (IMF) too has lowered the economic growth forecast for Bangladesh.
According to the IMF, Bangladesh is expected to see 4.5% economic growth in the current fiscal year.
In its latest edition of the World Economic Outlook released on Tuesday (22 October), IMF made the forecast.
This marks the lowest growth estimate in nearly 20 years, excluding the pandemic-affected fiscal 2019-20.
IMF said said the global battle against inflation has largely been won, even though price pressures persist in some countries.
Meanwhile, in Bangladesh, inflation is likely to remain elevated, reaching 10.7% in FY25, up from 9.7% a year ago.
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