The Economist Intelligence Unit (EIU) has forecast that Bangladesh will be among the top 20 global economies by 2040, based on market size, economic growth and the potential of some other sectors. In a recent report, the think tank also predicted that Bangladesh might be an attractive destination for Chinese investments in the coming days. The ...
Dr. Rashid Askari: The ongoing conflict between Russia and Ukraine has made a tremendous impact on global markets, and Bangladesh, quite naturally, is feeling the full impact of the recession. As a developing economy heavily reliant on exports, Bangladesh is facing serious challenges such as inflation, reduced forex reserve and declining export...
Bangladesh is now the 35th largest economy in the world, according to a report titled 'The Top Heavy Global Economy', published by 'Visual Capitalist'. Bangladesh and India were the only two South Asian countries considered to be part of the 50 largest economies in this list based on International Monetary Fund (IMF) statistics. Citing IMF sta...
The Boston Consulting Group (BCG) has said that Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce. With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam...
Professor Mohammad A. Arafat: The world sees Bangladesh as a success story and, indeed, it should. The bustling South Asian nation is frequently cited as a global model for development, economic growth, poverty mitigation, and gender equality. Dhaka has built homes for more than 150,000 destitute families. Its infrastructure has made giga...
Bangladesh is being affected by ‘economic conditions elsewhere in the world’ as the country is now facing soaring prices of energy and food following the Covid-19 pandemic and Russia-Ukraine war. These have led to energy shortages and rising import bills that are, in some cases, straining the ability of the country of 160 million pe...
The infrastructural and economic development of Bangladesh in the last era is a surprise to the whole world today. The UN resolution states: If this trend of development in Bangladesh continues, it will soon be enlisted as a developed country from a developing one. This change in Bangladesh compared to the South Asian countries is an unprecedent...
Pranab Kumar Pandey: A rich mix of opposition politicians, members of the civil society and unabashed Islamist radicals — has taken heart at the huge economic crisis that is bedevilling Sri Lanka. I call them the Doomsday Brigade of Bangladesh as they seem to be praying for divine intervention for such a crisis to fall on Bangladesh becau...
Bangladesh is not at risk of defaulting on foreign loan repayments because of its cautious management of external debt which has a much higher portion of soft loan with longer maturity periods than that in Sri Lanka. Besides, the size of Bangladesh economy and volume of exports are bigger than those of Sri Lanka and Pakistan put together, while...
Hiren Pandit: The new year 2022 started with the commitment to implement the goal of sustainable development without Leave No One Behind by achieving the 2030 agenda. Multiple mega projects will be inaugurated this year. The construction work of 10 mega projects and 100 economic zones including the Padma Multipurpose Bridge is going on at...
Rooting out its stigma of as ‘bottomless basket’, Bangladesh is now well-recognized as a developing country. Internationally, this rise has stunned many states as a surprise or miracle. But economists interpret it differently. They think that Bangladesh has changed due to the appropriate policy of the government, the continuation of ...
Bangladesh is gunning to become a half-a-trillion-dollar economy next fiscal year buoyed by a successful vaccination campaign and a steady growth in agriculture and industry. As per the finance division's projection, the size of the Bangladesh economy would be $510 billion in fiscal 2022-23 after growing at 10.7 percent. The GDP is estimated t...
If Bangabandhu had not been born, Bangladesh would not have been born. The 50th year of independence and the birth centenary of Bangabandhu are undoubtedly a beacon of hope for the Bengali nation. Much of Bangabandhu's dream of building a golden Bengal has come true today.
Bangladesh is becoming South Asia's "economic bull case", reported Wall Street Journal on March 3. WSJ's Hong Kong-based reporter Mike Bird claimed Bangladesh is notable in South Asia for being the "closest proxy" for the successful development models seen at various stages in South Korea, China, and Vietnam. Bangladesh provides the world wit...
Just as it had been for past LDC status graduates, Bangladesh will also not face a lot of challenges afterwards for already having proven its economic resilience and potential for sustainable growth, according to a government study. It can be confidently stated that Bangladesh is going to graduate from its least developed country (LDC) status w...
Pranab Kumar Panday Like the whole world, the people and the government of Bangladesh have been passing through the worst ever time of the century due to the catastrophic effect of Covid-19 pandemic. In the most challenging time of the history when the citizens and the government should help each other overcome the pandemic triggered devastatio...
While the world is reeling under an economic crisis due to the Covid-19 pandemic, Bangladesh’s economy was able to escape a contraction in 2020 and its annual rate of GDP growth will continue to accelerate throughout the 2021-25 period, so says a think tank. Between 2021 and 2025, Bangladesh’s annual rate of GDP growth will accelera...
Dr Ashikur Rahman: For nearly five decades, any discourse on South Asia was almost always focused on the bitter animosity between the two nuclear giants India and Pakistan, where the former was viewed as a large mystical country trying to establish its position in the global political and economic order -- and Pakistan as a strategically import...
The central bank has expanded the size of the stimulus package for large industries and services sector firms to make the low-cost funds available for the factories located in the economic zones. The volume of the package was enhanced by Tk 7,000 crore to Tk 40,000 crore as part of the central bank's effort to facilitate both local and foreign ...
Mark Tully: The International Monetary Fund’s (IMF) projection that Bangladesh’s per capita income in dollar terms is likely to overtake India’s has focused attention on a nation that has risen like a Phoenix from the ashes. The ashes were left by the Pakistan army’s scorched earth strategy. Travelling in East Pakistan a...
This work is copyrighted and authorized by the Bangladesh Awami League. You may download, display, print and re-produce this material in unaltered form only (retaining this notice)for your personal, non-commercial use or use within your organization.
