Bangladesh achieves fastest economy growth: ADB

Bangladesh achieves fastest economy growth: ADB

Agency News

Dhaka, June 20: Asian Development Bank (ADB) on Wednesday said that Bangladesh achieved the fastest growth in the Asia-Pacific economies comprised of 45 countries.

The bank in its Asian Development Outlook (ADO), which was handed over to Prime Minister Sheikh Hasina, also said that in the FY2018 the country attained 7.9 per cent growth, the fastest expansion since 1974.

ADB Country Director for its Bangladesh resident mission Manmohan Parkash handed over the ADO to the Prime Minister at her Sangsad Bhaban office here.

PM’s Press Secretary Ihsanul Karim briefed reporters after the meeting. The bank in the ADO predicted that in the FY2019 and FY2020, the growth will be 8 per cent, which the organisation termed as new record.

Bangladesh will continue to be the fastest in Asia-Pacific, said the ADO.
The ADO, the annual publication of the ADB, evaluates and forecasts economic performance of 45 Asian and Pacific countries.

It said that growth will moderate across most of developing Asia- achieve 5.7 per cent in 2019 and 5.6 per cent in 2020 from 6.2 per cent in 2017 and 5.9 per cent in 2018.