Bangladesh Quarterly Economic Update (June 2012)
The Bangladesh Quarterly Economic Updates provide recent economic data about the economy in Bangladesh. This issue includes economic data up to June 2012 and includes a section on the FY2013 Budget.
GDP growth in FY2012 was lower than in FY2011. Private consumption held up well, supported by a recovery in remittance growth and healthy credit flows. Export and import growth slowed sharply, and net exports subtracted from growth. Investment rose only slightly to 25.5% of GDP in FY2012 from the previous year’s 25.2%, because of the rise in the public investment–GDP ratio from 5.6% in FY2011 to 6.3% in FY2012. Foreign direct investment inflows rose, reaching $1.0 billion because of larger inflows into banking, telecommunications, energy, and garments. Power and gas shortages and the weak global economic outlook continued to affect private domestic investment, which decreased from 19.5% of GDP to 19.1%.
- GDP growth in FY2012 was lower than in the previous fiscal year.
- Pressures on macroeconomic management eased in the second half of FY2012.
- Monetary tightening contributed to reducing inflation.
- Strong revenue performance continues.
- Weak ADP implementation undermines infrastructure development.
- Export and import growth fell sharply in FY2012.
- Current account surplus widened because of increased remittances.
- Expansionary FY2013 budget aims at boosting growth.
- Macroeconomic Developments
- Sector Performance and Economic Growth
- Fiscal Management
- Monetary and Financial Developments
- Balance of Payments
- Exchange Rate
- Capital Market
- The FY2013 Budget
- Macroeconomic and Budgetary Framework
- Spending Priorities
- Sector Priorities
- Revenue Measures
- Deficit Financing