Bangladesh may emerge as the fastest growing economy in South Asia next year, forecasts a World Bank report.
According to the report, Bangladesh's economy is projected to grow at 7.2 percent this fiscal year and 7.3 percent in the following year.
The outlook is clouded by rising financial sector vulnerability, but the economy is likely to maintain growth above 7 percent, supported by a robust macroeconomic framework, political stability, and strong public investments.
Only Bhutan is ahead of Bangladesh, expecting to jump to 7.4 percent this fiscal year. However, World Bank forecasts Bhutan's GDP will grow at 5.9 percent in next fiscal year.
India's growth is projected to fall to 6.0 this fiscal year. The country's growth is then expected to gradually recover to 6.9 percent in the fiscal year 2020-21 and to 7.2 percent in the following year.