6.3pc GDP growth this fiscal year: Bloomberg

Bangladesh’s economy may grow by 6.3 percent in the current fiscal year, a Bloomberg survey said yesterday.

The result for Bangladesh’s economy is the median of four economists’ forecasts surveyed by the US media organisation.

In a previous survey, the economists also predicted the same level of economic growth for fiscal 2014-15.

They however cut down their growth forecast for the next fiscal year to 6.45 percent in the new survey from 6.6 percent earlier.

The survey was conducted between January 23 and January 28.

The World Bank forecasts economic growth of 6.2 percent for this fiscal year, whereas the Asian Development Bank puts it at 6.4 percent, and the International Monetary Fund at 6.25 percent.

The government has targeted 7.3 percent GDP growth for the current fiscal year, but Finance Minister AMA Muhith has already signalled a revision due to the ongoing blockade that has hit all sectors of the economy hard.