IMF forecasts 6.9pc growth for 2016

Bangladesh Economy would grow at the rate of 6.9 per cent in 2016, which will remain unchanged till 2017, according to the World Economic 
Outlook (WEO) 2016 of the International Monetary Fund (IMF), reports BSS.
The IMF’s forecast, released Tuesday, is near the government’s estimate of 7.0 GDP (gross domestic product) for the 2015-16 fiscal year, ended last June.
Bangladesh Bureau of Statistics (BBS), however, estimated the growth at 7.05 while the Asian Development Bank (ADB) revised its growth forecast for Bangladesh upward at 7.05. The IMF growth estimate for Bangladesh is marginally lower than others when the organisation also forecasts “stifling growth” in advanced economies.
The WEO highlighted the precarious nature of the recovery eight years after the global financial crisis. It raised the specter that persistent stagnation, particularly in advanced economies, could further fuel populist calls for restrictions on trade and immigration.
“In emerging market and developing economies, growth will accelerate for the first time in six years, to 4.2 per cent, slightly higher than the July forecast of 4.1 per cent. Next year, emerging economies are expected to grow 4.6 per cent,” the IMF said.

 

IMF forecasts 6.9pc growth for 2016

Bangladesh Economy would grow at the rate of 6.9 per cent in 2016, which will remain unchanged till 2017, according to the World Economic Outlook (WEO) 2016 of the International Monetary Fund (IMF), reports BSS. The IMFs forecast, released Tuesday, is near the governments estimate of 7.0 GDP (gross domestic product) for the 2015-16 fiscal year, endedlast June. Bangladesh Bureau of Statistics (BBS), however, estimated the growth at 7.05 while the Asian Development Bank (ADB) revised its growth forecast for Bangladesh upward at 7.05. The IMF growth estimate for Bangladesh is marginally lower than others when the organisation also forecasts stifling growth in advanced economies. The WEO highlighted the precarious nature of the recovery eight years after the global financial crisis. It raised the specter that persistent stagnation, particularly in advanced economies, could further fuel populist calls for restrictions on trade and immigration. In emerging market and developing economies, growth will accelerate for the first time in six years, to 4.2 per cent, slightly higher than the July forecast of 4.1 per cent. Next year, emerging economies are expected to grow 4.6 per cent, the IMF said.