Bangladesh will achieve expected growth in FY21: Finance minister
Economy
Finance Minister AHM Mustafa Kamal has reiterated that Bangladesh will achieve the expected 8.1 or 8.2% economic growth in the fiscal year 2020-2021, expressing happiness over the Asian Development Bank's (ADB) forecast envisaging Bangladesh's growth at 6.8%.
"In the last two months, we saw a 50% rise in remittance inflow, and our exports have also begun to bounce back on track," he said, according to a press release issued on Tuesday.
The finance minister said, "Considering all those positives, we expect to achieve 8.1 or 8.2% Gross Domestic Product (GDP) growth in the fiscal year 2020-2021."
In the "Mujib Year", country people have been working hard regardless of Covid-19 infections. The country is going to reach the expected economic growth only for their working spirit, Kamal said.
The latest ADB report forecasted that Bangladesh's economy is showing signs of early recovery and its GDP is expected to grow by 6.8% in the current fiscal year,
The Asian Development Outlook (ADO) 2020 update was released on Tuesday.
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