Bangladesh is on the path to a strong economic recovery after overcoming the Corona crisis.
However, there are concerns over the Ukraine-Russia war and rising commodity prices in the world market.
Despite the uncertainty of the world economy, the economy of Bangladesh is in good condition, the World Bank has mentioned.
The agency released an updated report on the South Asian economy on Wednesday.
Hans Timmer, chief economist at the World Bank’s South Asia division, spoke at a virtual press conference on the occasion.
According to the report, Bangladesh has achieved strong growth in the industrial and service sectors last year. In the last financial year, the government has given a preliminary estimate of 7.9 percent growth.
The World Bank has forecast that the current fiscal year (2021-22) GDP growth rate could be up to 7.4 percent.
Which may increase to 7.8 percent in the next financial year. However, inflation has exceeded 6 percent.
In February, the inflation rate in the country was 7.2 percent.