June 28, 2022, 3:55 pm

Staff Correspondent

2022-01-14 19:17:42 BdST

Bangladesh economy to expand by 6pc in 2022: UN report

The United Nations has projected that Bangladesh economy is expected to expand by 6 percent in 2022.

In its latest “World Economic Situation and Prospects 2022” report released on Thursday, the UN said, “Amid sound macroeconomic policies, Bangladesh has navigated the Covid-19 pandemic relatively well. GDP (gross domestic product) is projected to expand by 6 per cent in 2022.

“Economic activity rides on export growth and the rising demand for apparel, robust remittance inflows, and accommodative fiscal and monetary policies,” it added.

According to the report, Bangladesh’s rate of growth of real GDP was predicted at 5.8 percent in 2022 and 6.4 percent in 2023.

The fresh growth report comes just two days after the World Bank reiterated its projection for Bangladesh in its “Global Economic Prospects” report, mentioning that Bangladesh economy is expected to grow by 6.4 percent in the current 2021-22 fiscal year while 6.9 percent in the 2022-23 fiscal.

Meanwhile, the UN report also predicted India’s real GDP growth to be 6.5 percent, Maldives 16.5 percent, Nepal’s growth 5.5 percent, Afghanistan 4.8 percent, Bhutan 4.5 percent, Pakistan 4.2 percent, and Sri Lanka’s growth 2.6 percent in 2022.

According to the report, the global economy is projected to grow by 4 percent in 2022 - down from 5.5 percent last year - and expand 3.5 percent in 2023 amid new waves of Covid-19 infections, labour market challenges, supply-chain constraints and rising inflation.

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