BD economy may grow 6.4%: WB

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economy

MNA Business Desk: The World Bank has revised upwards its growth forecast for Bangladesh and said the economy is expected to attain a 6.4 percent growth in current fiscal. In last June, the bank predicted a 6 percent growth for the financial year.

The revised growth forecast came at the global lender’s half-yearly report ‘Global Economic Prospect’ released on Wednesday.

However, the government eyes an economic growth of 7.8 percent in the 2017-18 fiscal year.

Earlier, the bank predicted a 6 percent GDP growth in the 2016-17 fiscal which has now been revised at 7.2 percent.

According to the Bangladesh Bureau of Statistics or BBS, the GDP growth in the 2016-17 fiscal was 7.28 percent but the global lender said it did not cross 7 percent.