‘Bangladesh to see robust, diversified growth’

The UK-based Hong Kong Shanghai Banking Corpora-tion (HSBC), in a recent report said Bangladesh’s exports would diversify significantly in the next decade (2020-30), as result of government initiatives being taken now. It also said that Bangladesh recorded the highest Trade Confidence Score among twenty five countries that had trade links with Bangladesh, reports BSS.
The bank also felt that the favourable current backdrop of strong domestic growth and supportive macroeconomic policy has given Bangladesh a good opportunity to implement some much needed reforms.
This impetus towards reform should improve Bangladesh’s attractiveness to foreign investors (FDI).
The bank expected exports to average growth of 10.6 per cent from 2017-20, helped by infrastructure development, currency competitiveness in Europe and trade liberalization.
The report said that clothing and apparel accounted for around three quarters of Bangladesh’s exports but seven out of the eight different goods sectors that were forecast to grow at a double digit pace from 2016-20.
It expected Bangladeshi GDP to grow by more than 6.5 per cent in the financial year 2015 and 2016, helped by an accommodative monetary policy and expansionary fiscal policy.

‘Bangladesh to see robust, diversified growth’

The UK-based Hong Kong Shanghai Banking Corpora-tion (HSBC), in a recent report said Bangladeshs exports would diversify significantly in the next decade (2020-30), as result of government initiatives being taken now. It also said that Bangladesh recorded the highest Trade Confidence Score among twenty five countries that had trade links with Bangladesh, reports BSS. The bank also felt that the favourable current backdrop of strong domestic growth and supportive macroeconomic policy has given Bangladesh a good opportunity to implement some much needed reforms. This impetus towards reform should improve Bangladeshs attractiveness to foreign investors (FDI). The bank expected exports to average growth of 10.6 per cent from 2017-20, helped by infrastructure development, currency competitiveness in Europe and trade liberalization. The report said that clothing and apparel accounted for around three quarters of Bangladeshs exports but seven out of the eight different goods sectors that were forecast to grow at a double digit pace from 2016-20. It expected Bangladeshi GDP to grow by more than 6.5 per cent in the financial year 2015 and 2016, helped by an accommodative monetary policy and expansionary fiscal policy.