Bangladesh Quarterly Economic Update (March-June 2015)
The Bangladesh Quarterly Economic Update provides analysis and data about the economy in Bangladesh. In this issue, it features two special topics: private investment, and employment and the labor market.
Gross domestic product (GDP) growth in FY2015 (ended 30 June 2015) is provisionally estimated at 6.5%, higher than the 6.1% recorded in FY2014. Despite political disruptions in the first quarter of 2015 that affected exports, private investment, and transport services, GDP growth held up well thanks to brisk domestic demand boosted by higher public investment, fairly resilient remittance inflows, and rising wages in the private sector. Resilience in the rural economy also contributed. Growth was reasonably broad-based, with agriculture growth continuing its trend and growth in industry strongly supported by manufacturing and construction.
- Upbeat gross domestic product growth is expected in FY2016.
- Macroeconomic management remains prudent.
- Inflation is expected to ease further.
- Productive job creation is key to shared prosperity.
- Supportive monetary policy seeks to underpin targets for inflation and growth.
- Despite accelerating growth in credit to the private sector, broad money grew more slowly than targeted.
- Financial soundness indicators improved.
- A larger current account surplus strengthens the balance of payments.
- Taka appreciation by its real effective exchange rate may erode export competitiveness.
- Promoting good governance is vital for private sector.
- Macroeconomic Developments
- Sector Performance and Economic Growth
- Fiscal Management
- Monetary and Financial Developments
- Balance of Payments
- Exchange Rate
- Capital Market
- Special Topic I: Private Investment Issues, Potential, and Challenges
- Macroeconomic Indicators and Private Investment Scenarios
- A Way Forward
- Special Topic II: Employment and The Labor Market in Bangladesh
- Employment and Unemployment in 1996–2013
- Labor Force Growth, 2000–2010
- Nominal and Real Wages