Inflation and Political Unrest Cause ADB to Cut Bangladesh Growth Forecast

Wednesday, 25 September 2024, 00:51

Inflation has led to the ADB cutting Bangladesh's economic growth forecast. Political unrest and supply disruptions have exacerbated fiscal policy challenges. The outlook remains fragile as the situation evolves.
Rediff
Inflation and Political Unrest Cause ADB to Cut Bangladesh Growth Forecast

The Asian Development Bank (ADB) has significantly reduced Bangladesh's economic growth forecast to 5.1% for FY 2024-25, highlighting the adverse effects of political unrest, inflation, and supply disruptions on the nation’s stability. The forecast indicates a concerning macroeconomic outlook for Bangladesh due to these persistent challenges, including floods and a fragile law-and-order situation. With pressure mounting from these factors, the ADB emphasizes the need for effective monetary policy and fiscal policy interventions to foster economic growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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