Unnayan Onneshan finds inertia on GDP growth

The sluggish trend in private investment, declining growth in revenue collection and underperformance in external sector have caused an inertia on the growth in gross domestic product (GDP), observes an independent multidisciplinary think tank, reports UNB.Unnayan Onneshan in its half yearly assessment of the economy for FY 2015-16 stated that improvement in three basic dimensions of development—long and healthy life, access to knowledge, and decent standard of living—has not moved upward compared to those of other developing nations, as reflected in the Human Development Report 2015 due to unsatisfactory trends in these major macroeconomic
indicators.
Unnayan Onneshan also points out that that structural bottlenecks in the forms of income inequality together with inequality in access to health and education, multidimensional poverty, and joblessness particularly among the youth are likely to put additional pressures on the progress of the economy. It says private investment as percentage of GDP increased by only 0.27 percent on average since FY 2008-09.
Referring to the increasing amount of illicit financial flow from Bangladesh, the research organization warned that national savings, which have been declining since FY 2012-13, may further decline in the current fiscal year, and the targets of increasing private investment to 24 percent and public investment to 7.8 percent are unlikely to be
achieved. As regards the low Annual Development Programme (ADP) implementation, the Unnayan Onneshan says public investment has not been successful to create any multiplier effect in the economy because of institutional inefficiency which results in poor quality of investment.

Unnayan Onneshan finds inertia on GDP growth

The sluggish trend in private investment, declining growth in revenue collection and underperformance in external sector have caused an inertia on the growth in gross domestic product (GDP), observes an independent multidisciplinary think tank, reports UNB.Unnayan Onneshan in its half yearly assessment of the economy for FY 2015-16 stated that improvement in three basic dimensions of developmentlong and healthy life, access to knowledge, and decent standard of livinghas not moved upward compared to those of other developing nations, as reflected in the Human Development Report 2015 due to unsatisfactory trends in these major macroeconomic indicators. Unnayan Onneshan also points out that that structural bottlenecks in the forms of income inequality together with inequality in access to health and education, multidimensional poverty, and joblessness particularly among the youth are likely to put additional pressures on the progress of the economy. It says private investment as percentage of GDP increased by only 0.27 percent on average since FY 2008-09. Referring to the increasing amount of illicit financial flow from Bangladesh, the research organization warned that national savings, which have been declining since FY 2012-13, may further decline in the current fiscal year, and the targets of increasing private investment to 24 percent and public investment to 7.8 percent are unlikely to be achieved. As regards the low Annual Development Programme (ADP) implementation, the Unnayan Onneshan says public investment has not been successful to create any multiplier effect in the economy because of institutional inefficiency which results in poor quality of investment.