A In the current 2020, the growth of the gross domestic product (GDP) of Bangladesh may be 3.6 percent. The forecast was given in the IMF's World Economic Outlook released on Tuesday. Earlier in April, the IMF said the country could grow by 2 percent this year. Exactly six months later, the donor agency raised the forecast.
The joint annual meeting of the IMF and the World Bank began in Washington on Monday. This time the meeting is being held in a virtual way. As part of the meeting, the IMF released its World Economic Outlook today. IMF chief economist Geeta Gopinath released the report at a press conference
This time GDP growth will be 1.6%
However, the IMF forecasts growth not for the fiscal year, but for the calendar year, i.e. January-December. This time it is very important to do the calculation for the calendar year. Because, the main corona hit worldwide in 2020. A second wave of corona is expected in the next three months.
According to the IMF report, Bangladesh's GDP growth will increase to 4.4 percent in 2022. In 2023, it will increase to 7.3 percent. This means that you will have to wait another two years before going back to Corona.
Last week, the World Bank forecast 1.6 percent growth for the current fiscal year (2020-21). The fiscal year of Bangladesh starts in July and ends in June.
According to the IMF report, Bangladesh's GDP growth will increase to 4.4 percent in 2022. In 2023, it will increase to 7.3 percent. This means that you will have to wait another two years before going back to Corona.
IMF
According to the IMF report, GDP growth in 22 countries will be positive. The GDP of all other countries will shrink, growth will be negative. The donor community expects the growth of large economies such as the United States, India, Germany, the United Kingdom and Japan to be negative. Among the major economies, China's growth could be 1.9 percent. Among the South Asian countries, India's growth could be minus 10.3 percent. In addition, the average global GDP growth is forecast to be minus 4.4 percent, the donor agency said.