Bangladesh’s economy recorded a growth of 4.48 per cent in the second quarter (October–December) of the current fiscal (FY2023–24), a sharp rise from the 1.96 per cent growth in the same quarter a year ago, according to a report released by the Bangladesh Bureau of Statistics (BBS).
This marks a significant jump from the 1.96 per cent growth recorded in the first quarter of the previous fiscal year. The strong rebound is largely attributed to industrial performance. Sectoral growth in industries rose significantly from 2.44 per cent in first quarter (Q1) to 7.10 per cent in second quarter (Q2). Economists caution that this pattern of growth is not inclusive and may not benefit the poorer segments of the population, a state-controlled news agency reported.
According to the BBS provisional estimates, the GDP at current prices reached Tk14,043 billion (~$115.55 billion) in Q2 of FY2023–24, up from Tk12,676 billion (~$103.94 billion) in the same quarter last fiscal year.
Bangladesh’s economy grew 4.48 per cent in Q2 FY2023–24, a sharp rise from 1.96 per cent a year earlier, driven by strong industrial growth of 7.10 per cent, up from 2.44 per cent in Q1.
GDP at current prices rose to Tk14,043 billion ($115.55 billion) from Tk12,676 billion ($103.94 billion) in the same quarter last year.
Economists caution that the growth may not be inclusive for poorer segments.
Fibre2Fashion News Desk (HU)