IMF lowers GDP growth forecast to 3.5pc for FY'27
Bangladesh, July 17 -- In a latest in-depth analysis of Bangladesh economy's weak spots, the International Monetary Fund has revised down the country's gross domestic product (GDP) growth to 3.5 per cent this fiscal year, principally for neglecting reforms.
Worse even, the IMF alerts that the economic-growth rate could remain below 3.0 per cent over the medium term amid continued fiscal-and financial-sector pressures,
Earlier IMF growth forecast -- released after a spot analysis of the country's overall economic situation to determine its creditworthiness -- was much higher at 4.8 per cent in April.
"Economic growth is projected to moderate to 3.5 per cent in FY27 and remain below 3.0 per cent over the medium term amid continued fisca...
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