Country’s economy to grow 6.9pc this FY: ADB

MNA Business Desk: Bangladesh’s economy is expected to grow at 6.9 in the current FY (fiscal year) while the inflation will remain within 6 percent, according to latest report of the Asian Development Bank (ADB).

Bangladesh attained 7.2 percent GDP growth in the last fiscal year despite ADB’s forecast of 6.9 percent growth while the country was able to contain inflation at 5.4 percent in the last financial year although the Manila-based lending agency earlier had forecast it at 6.1 percent.

Asian Development Outlook (ADO) 2017 Update released by ADB also said the economies of Bhutan and Myanmar are poised to grow at the highest rate among the Asian countries with 8 percent GDP growth each in the current fiscal year followed by Uzbekistan with 7.5 percent and India with 7.4 percent GDP growth.

Among other South Asian countries, Pakistan is likely to attain 5.5 percent GDP growth in the current fiscal year followed by 5 percent by Sri Lanka, 4.7 percent by Nepal, 4.4 percent by the Maldives and 3 percent by Afghanistan, reported news agency.