LightCastle Economic Update – April 2016

Bangladesh’s economy has exhibited impressive growth over the last decade despite myriad challenges. Rising GDP and stagnating population growth have contributed to rising per capita income, exceeding lower income threshold. Growth prospects for 2017-18 is upbeat with ADB, World Bank and Government forecasts predicting GDP growth to hover within the 6-7% range.

Recent regional connectivity agreements with neighboring countries – India, Nepal and Bhutan – will add further impetus on growth. Additionally, inauguration of the Padma bridge (expected to open in 2018) will be connecting the economically backward Northern region with the rest of the country, contributing to higher GDP trajectory.

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