Dhaka, April 15 -- A massive fall in industrial production and the US dollar crisis have slowed Bangladesh's economy as its Gross Domestic Product (GDP) has expanded at 3.78 per cent rate in the second quarter (Q2) of the current fiscal year (FY) 2023-24, analysts said on Monday.

The service sector was also affected in Q2 (Oct-Dec) while the agriculture sector gave a better output to the national economy in the same period this fiscal, the Bangladesh Bureau of Statistics (BBS) data showed.

Bangladesh's GDP growth in Q2 of the last two consecutive FY2022 and FY2023 was better than the impoverished rate in Q2 this FY2024.

Economists said that the massive dollar crisis has mainly hit Bangladesh's GDP in Q2, when both imports and exports s...