Bangladesh-China Bangladesh's economic growth may soon overcome China: Reports
The International Monetary Fund (IMF) has said in a report that Bangladesh may soon overtake India and Chinese economies in the next FY24.
Bangladesh will outgrow China in the current FY23 with its projected higher gross domestic product (GDP) growth, the global monetary supervisor also said as quoted by Dhaka Tribune.
According to the IMF, Bangladesh's economy may grow at a 6.5% rate in the next FY24 while the Chinese economy at 4.5% and India at 6.3%, the newspaper reported.
Although Bangladesh's GDP growth rate is forecast lower than India's in the current fiscal, it will be higher than China's in FY23.
In the current fiscal, Bangladesh might expand at a rate of 5.5% while China at 5.2%.
The Indian economy will grow at 5.9% in the current fiscal, the IMF said in its "Regional Economic Outlook: Asia and the Pacific" report, released on May 4 in Washington.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
