Bangladesh's economy is expected to grow 4 per cent in the current fiscal year ending in June 2025, said the World Bank (WB) in its latest Bangladesh Development update published on Tuesday.
According to the update, Bangladesh's post-pandemic recovery remains challenging due to high inflation, a balance of payments deficit, and limited job opportunities, especially for women and educated youth.
The report highlights a moderation in GDP growth to 5.2 per cent in FY24, with projections of further deceleration to 4.0 per cent in FY25. Inflation averaged 9.7 per cent in FY24, driven by high food and energy prices.
Job creation, particularly in urban areas and key sectors like garments, has stagnated, with Chattogram, Rajshahi, and Sylhet facing net employment losses since 2016.
The World Bank emphasises urgent reforms in economic governance, financial stability, and improving the business environment as crucial for Bangladesh to return to a strong, inclusive growth trajectory with quality job creation for its youth.
bd-pratidin/GR
