Bangladesh Quarterly Economic Update (September 2007) | Asian Development Bank

Bangladesh Quarterly Economic Update (September 2007)

Institutional Document | September 2007

The Bangladesh Quarterly Economic Updates provide recent economic data about the economy in Bangladesh. This issue includes economic data up to September 2007.

Gross domestic product (GDP) growth is expected to be below 6% in FY2008, compared with 6.5% during the previous year, because of extensive flooding and cyclone, and a slowdown in external demand for garments. The growth outlook points to the need to boost business confidence, which has been severely affected by the Government’s ongoing anticorruption measures. The economic prospects will depend on postflood and postcyclone rehabilitation, recovery of the garment sector, and political stability in the lead-up to the general elections scheduled for the end of 2008. The severe cyclones of mid-November 2007 added to the uncertainty for economic prospects.

Highlights

  • GDP growth is estimated to be below 6% in FY2008.
  • Severe flooding and a cyclone caused substantial damage to the agriculture sector.
  • Although revenue performance improved, challenges in fiscal management remain.
  • Exports increased in September 2007 after a setback during July–August 2007.
  • Despite pressures on the current account, foreign exchange reserves remain comfortable.
  • Although easing, inflation remains high.

Contents 

  • Macroeconomic Developments
    • Sector Performance and Economic Growth
    • Fiscal Management
    • Monetary and Financial Developments
    • Balance of Payments
    • Inflation and Exchange Rates
    • Capital Market
  • Good Governance
    • Governance Challenges
    • Responding to Governance Challenges
    • Good Governance Program
  • South Asia Subregional Economic Cooperation Information Highway
    • ICT as Vital Infrastructture for Access to Information
    • SASEC Cross-Border ICT Connectivity
    • ICT and Poverty Reduction
    • ICT and Regional Cooperation
    • Economic Benefits of SASEC ICT Network
    • Specific Benefits for Bangladesh from the SASEC ICT Network
    • Looking Forward