Bangladesh Development Update 2017
The Bangladesh economy is weathering persistent global uncertainties relatively well. Poverty reduction is expected to have continued. Growth remained resilient, aided recently by recovery in exports and private investments. Inflation has decelerated benefitting from soft international commodity prices and prudent macroeconomic management. The outlook for Bangladesh’s main export destinations is projected to improve, although downside risks remain elevated. More recently, falling export growth and decline in remittances are emerging near term concerns. According to our model, increased capital accumulation can contribute significantly to boosting growth, but alone cannot deliver a sustainable and accelerated growth path. More is needed, including closing the inter-sectoral productivity gap through increased resource mobility, easing the constraints on firm level productivity and increasing female labor force participation in the formal sectors. In addition, poor infrastructure, inadequate energy supply, and inefficient financial intermediation combined with high cost of doing business remain the key obstacles hindering the realization of Bangladesh’s vast economic potential.
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
World Bank, Dhaka, Bangladesh
2017
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| Subjects: | ECONOMIC GROWTH, INFLATION, ECONOMIC OUTLOOK, TRADE, FISCAL TRENDS, MONETARY POLICY, EXCHANGE RATES, FEMALE LABOR FORCE, STRUCTURAL REFORM, DISCRIMINATION, |
| Online Access: | http://documents.worldbank.org/curated/en/266211494911364175/Bangladesh-development-update https://hdl.handle.net/10986/26642 |
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| Summary: | The Bangladesh economy is weathering
persistent global uncertainties relatively well. Poverty
reduction is expected to have continued. Growth remained
resilient, aided recently by recovery in exports and private
investments. Inflation has decelerated benefitting from soft
international commodity prices and prudent macroeconomic
management. The outlook for Bangladesh’s main export
destinations is projected to improve, although downside
risks remain elevated. More recently, falling export growth
and decline in remittances are emerging near term concerns.
According to our model, increased capital accumulation can
contribute significantly to boosting growth, but alone
cannot deliver a sustainable and accelerated growth path.
More is needed, including closing the inter-sectoral
productivity gap through increased resource mobility, easing
the constraints on firm level productivity and increasing
female labor force participation in the formal sectors. In
addition, poor infrastructure, inadequate energy supply, and
inefficient financial intermediation combined with high cost
of doing business remain the key obstacles hindering the
realization of Bangladesh’s vast economic potential. |
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