World Bank predicts decline in Bangladesh’s economic growth

The World Bank has forecasted a slowdown in Bangladesh’s economic growth. The organisation estimates that by the end of the current fiscal year, the country’s growth rate will fall to 3.3 percent.

This information was released on Wednesday (April 23) in the World Bank’s report on South Asia’s economic outlook.

According to the report, political violence, curfews, and internet shutdowns have severely disrupted economic activity in Bangladesh. During the first three quarters, both public and private investments were negatively affected, leading to the projected decline in growth.

By the end of the 2024–25 fiscal year, growth is expected to fall below the previously forecasted 4 percent.

Martin Raiser, Vice President for the South Asia Region at the World Bank, said that multiple shocks over the past decade have weakened South Asia.

As a result, India’s growth is projected to be 6.3 percent, while growth in Pakistan and Sri Lanka is expected to be around 3.1 percent.