Inflation and Political Unrest Cause ADB to Cut Bangladesh Growth Forecast
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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.