According to the World Bank’s ‘Global Economic Prospects’ report for June, Bangladesh’s GDP growth will be 5.1 percent in the next 2021-22 fiscal year.
The projection by the global lender is 1.8 per cent points more than last January’s report.
Private consumption, the main engine of growth, has been increased in the country by normalising activity, moderate inflation, and rising ready-made garment exports.
The report also states that the GDP growth of Bangladesh will be 3.6 per cent in the current fiscal year.
However, the government has set a growth target of 6.1 percent for the current fiscal year and 7.2 percent for the next fiscal year.