The real GDP growth in Bangladesh is expected to slow to 5.6% in the ongoing fiscal 2023-24, down from an estimated 6% growth a year ago, says the United Nations. The UN's flagship economic report titled "World Economic Situation and Prospects (WESP) 2024," projected a slightly improved 5.8% economic growth for the country in FY25. The World Bank in its October outlook last year also forecasted the same growth figures for Bangladesh for FY24 and FY25, indicating reforms to address inflation, through monetary and fiscal policies, as well as financial sector vulnerabilities will be critical for the country to sustain growth and poverty reduction. The UN projected that Bangladesh will see a decline in inflation to 6.8% in 2024 from an estimated 9.6% in 2023.However, potential increases in commodity prices and the adverse impact of extreme weather events could disrupt the pace of disinflation and increase risks of food insecurity in the region, read the press release. (ICE NEW DELHI)

Fonte notizia: The Daily Star