View Single Post
  #1  
Old January 17, 2019, 10:30 AM
mufi_02's Avatar
mufi_02 mufi_02 is offline
BanglaCricket Staff
Editorial Team
 
Join Date: August 2, 2011
Location: NY
Favorite Player: Lara, Shakib
Posts: 8,002
Default Bangladesh - Economic Progress

The rise and rise of Bangladesh
https://asia.nikkei.com/Spotlight/Co...-of-Bangladesh

Quote:
Bangladesh defies economic and political gravity. Since its 1971 war of independence with Pakistan, the country has been known for its tragedies: wrenching poverty, natural disasters and now one of the world's biggest refugee crises, after the influx of 750,000 Rohingya Muslims fleeing persecution in neighboring Myanmar.

Yet, with remarkably little international attention, Bangladesh has also become one of the world's economic success stories. Aided by a fast-growing manufacturing sector -- its garment industry is second only to China's -- Bangladesh's economy has averaged above 6% annual growth for nearly a decade, reaching 7.86% in the year through June.

From mass starvation in 1974, the country has achieved near self-sufficiency in food production for its 166 million-plus population. Per capita income has risen nearly threefold since 2009, reaching $1,750 this year. And the number of people living in extreme poverty -- classified as under $1.25 per day -- has shrunk from about 19% of the population to less than 9% over the same period, according to the World Bank.
Bangladesh: A small tiger economy with big plans
https://www.dw.com/en/bangladesh-a-s...ans/a-46860951
Quote:
Bangladesh has been making progress and the country is so successful in many areas that it is a "role model for South Asia." These are not the words of Bangladeshi Prime Minister Sheikh Hasina, but the British business magazine Economist.
Bangladesh to become 24th largest economy by 2033
https://www.dhakatribune.com/busines...conomy-by-2033
Quote:
Bangladesh will jump 19 notches and become the world’s 24th largest economy by 2033, from its current 43rd status in the World Economic League, forecast a UK-based global Economics and Business Research organization.
Meanwhile, while global economies are expected to slow down in 2019 --

WB jacks up GDP growth estimate
https://www.thedailystar.net/busines...timate-1685449
Quote:
The World Bank has revised upwards Bangladesh's economic growth prospects for the current fiscal year to 7 percent thanks to a bustling economy.

The latest revision by the Washington-based lender is 30 basis points higher than its last projection -- which was made in June last year -- but lower than the government's expectation of a 7.8 percent growth.

Bangladesh's economy expanded by 7.9 percent last fiscal year thanks to strong private consumption and strong remittance inflows.
__________________
Bangladesh
Reply With Quote