GDP was estimated to have grown by 5.2% in fiscal year 2020 (FY2020, ending 30 June), down from 8.2% growth in FY2019 as the COVID-19 pandemic reduced economic activity in the fourth quarter, particularly in industry and to a much lesser extent in services. Exports plummeted in the fourth quarter as buyers canceled garment shipments and new orders evaporated, while COVID-19 containment measures restricted much of the economy for 2 months. GDP growth is projected to rise by 6.8% in FY2021 given domestic economic stimulus and the expected recovery in global growth and trade. In FY2022, GDP growth is expected to edge up further to 7.2% as both exports and imports accelerate with a sustained global recovery.
|Composite Stock Price Index 1||5.0 (May21)||5.0||4.0|
|Broad Money Growth 2||13.2 (Mar21)||13.2||13.4|
|Headline Inflation Rate 3||5.6 (Apr21)||5.5||6.0|
|Industrial/ Manufacturing Production Growth Rate 3||8.5 (Jan21)||6.9||10.2|
|Merchandise Export Growth 3||25.3 (Mar21)||25.3||-12.8|
|Exchange Rate Index 4||127.6 (May21)||127.5||127.8|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database; Bangladesh Bureau of Statistics; Bangladesh Bank.|
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