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IMF lowers growth forecast for current fiscal to 6 percent

 VB  Desk

VB Desk

After the World Bank did it last week, the International Monetary Fund (IMF) today revised downward its growth forecast for the Bangladesh economy in the 2023-24 fiscal.

The IMF lowered its projection to 6.0 percent from 6.5 percent. The World Bank last week projected its new growth figure for the Bangladesh economy in 2023-24 as 5.6 percent, down from its previous projection of 6.2 percent.

The IMF also said Bangladesh's economy grew 6 percent in the 2022-23 fiscal, in its flagship World Economic Outlook publication, released globally on Tuesday.

The global lender revised upward its projections for Bangladesh's growth to 6 percent for the fiscal year 2022-23 from its previous forecast of 5.5 percent.

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