Bangladesh Bank’s recent adjustments to balance of payments data have reshaped perceptions of external economic pressures. The revisions, particularly in merchandise export figures, have been significant, revealing a 6.8% decline in exports during July-April FY24, contrasting sharply with earlier growth reports. This correction has transformed a reported current account surplus into a substantial deficit, and reversed a financial account deficit to a surplus, largely due to changes in trade credit figures. Despite these corrections, concerns remain about capital flight and persistent external deficits, impacting GDP growth estimates and overall economic stability. The adjustments underscore the challenges in accurately gauging economic health amidst fluctuating export values and international trade dynamics.
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