There are three major barriers to growth in Bangladesh currently. First of all, high inflation is hampering growth. The second one is the dollar crisis. And third is the vulnerability of the financial sector
Trend of the key macroeconomic indicators, including imports, exports, private sector credit and investment, indicates a slightly lower growth of Gross Domestic Product (GDP) in the outgoing year compared with 2022.
However, there is no scope to say that there was no economic growth at all during this time. There has been positive growth in the power generation and agriculture sectors, especially in crop production. But it was not a strong growth overall.
The economy is slightly lower now in terms of GDP growth compared with where it was at the start of 2023. Factors from both the demand and supply side are responsible for slowing the growth.
Analysing the demand…
