Posted 11/23/2023, 6:01:03 PM
Bangladesh GDP Rebounds to 5.78% Growth in Q4 After Slowing Due to Inflationary Pressures
- Bangladesh's GDP growth bounced back to 5.78% in Q4 of FY23, after slowing down earlier in the fiscal year
- Growth was strong in Q1 at over 9%, but plunged to 2.04% in Q3 due to inflationary pressures from the Russia-Ukraine war
- Industrial sector growth jumped to 11.89% in Q4, while services and agriculture sectors saw slower growth
- Quarterly GDP fluctuations were mainly due to higher inflation and raw material costs from domestic and global crises
- BBS publishing quarterly GDP data meets IMF conditions for a $4.7 billion loan and helps validate BBS data reliability