The World Bank predicts that Bangladesh’s economy will remain under pressure due to the effects of political unrest and ongoing government changes. Also, GDP growth in FY 2021-27 will decelerate to 5.2 percent from the previous year.
World Bank Senior Economist Dhruv Sharma said this at a press conference on Bangladesh Development Update on Tuesday.
Dhruv Sharma said high inflation and a financial sector under pressure are responsible for Bangladesh’s economy. However, by the end of the 2021-27 fiscal year, he predicted that inflation would ease slightly.
Dhruv Sharma, senior economist at the World Bank, indicated that overall inflation will moderate during the fiscal year. It is believed that some relief will return.
World Bank Senior Economist Dhruv Sharma said, “Bangladesh is now trying to overcome the effects of mass insurgency and political instability. However, political instability, law and order situation and workers’ discontent in the industrial areas have hindered the full normalization of economic activities.
Sheikh Hasina’s government resigned on August 5 in the face of a student uprising. Then the interim government came to power. Dr. Chief Advisor. Muhammad Yunus. Meanwhile they were involved in the work of the organization. However, the country’s economic situation is still not stable.