Leading economists of Standard Chartered have
\nobserved that growth will be sustained over 7 percent in FY22-26 and this
\nshould drive Bangladesh’s GDP up to US$ 500 billion and per capita to $3,000
\nby FY26.<\/p>\n
Bangladesh remains a compelling growth story, despite the global pandemic,
\nthey opined.<\/p>\n
Members of the bank’s global research team were speaking at a media session
\nheld today following the 2021 Bangladesh session of the Bank’s Global
\nResearch Briefing series, said a press release.<\/p>\n
Planning Minister MA Mannan graced the event as the chief guest, while
\naround 300 of the bank’s clients joined via video conferencing during the
\nvirtual event.<\/p>\n
In his speech, MA Mannan said, “The people of Bangladesh, including the
\ngovernment and our business community, have once again demonstrated our
\ntremendous resilience ensuring that our shared development journey might have
\nslowed, though it has not been halted. We remain as committed as ever in
\nfostering a business-friendly climate, so that we can continue on our journey
\nof inclusive progress and prosperity.”<\/p>\n
Global Head of Research and Chief Strategist of the Standard Chartered
\nEric Robertsen said, “While the pace and distribution of global recovery
\nremains highly uneven, Bangladesh has made a strong comeback with one of the
\nhighest GDP growths in the world in 2020. A robust vaccination program and
\nimplementation of strategic infrastructure projects are expected to further
\nincrease momentum towards the nation’s LDC graduation”.<\/p>\n
Standard Chartered Economist for South Asia Saurav Anand said,
\n“Bangladesh’s economy is set to accelerate after a speed bump, with GDP
\ngrowth forecast at 5.5 percent in FY21 and 7.2 percent in FY22. The momentum
\nwill be driven by an export demand recovery, strong remittance inflows and
\npublic investment. Policy support is a prerequisite for a smooth transition
\nto middle-income status, with per capita GDP set to reach $3,000 by FY26.”<\/p>\n
Chief Executive Officer of the Standard Chartered Bangladesh Naser Ezaz
\nBijoy said, “The government of Bangladesh has navigated the internal and
\nexternal challenges of the pandemic remarkably well. The resilience of
\nBangladesh economy gives us cause for optimism. As the vaccination drive
\ncontinues, the economy is set to accelerate, while lower debt levels compared
\nto its peers provide medium term fiscal runway for growth. There are
\nsignificant opportunities for productivity gains through technology adoption,
\ntechnology inclusiveness through mobile-based solutions and the ITES sector,
\nwhile growth-supportive policies focus sectors will continue to spur private
\ninvestment and FDI.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Leading economists of Standard Chartered have observed that growth will be sustained over 7 percent in FY22-26 and this should drive Bangladesh’s GDP up to US$ 500 billion and per capita to $3,000 by FY26. Bangladesh remains a compelling growth story, despite the global pandemic, they opined. Members of the bank’s global research team were […]<\/p>\n","protected":false},"author":1,"featured_media":17192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,17,14],"tags":[],"class_list":["post-17190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-6","category-17","category-14"],"_links":{"self":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/17190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17190"}],"version-history":[{"count":1,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/17190\/revisions"}],"predecessor-version":[{"id":17193,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/17190\/revisions\/17193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/media\/17192"}],"wp:attachment":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}