Bangladesh Development Update, April 2013
Weak exports and investments resulting from the impact of the euro-area crisis, domestic supply constraints, and intensified strikes and unrests underpin the growth slowdown. Strong remittances and robust service sector performance are expected to...
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Format: | Economic Updates and Modeling |
Language: | English en_US |
Published: |
Washington, DC
2014
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2013/04/17584760/bangladesh-development-update http://hdl.handle.net/10986/16497 |
Summary: | Weak exports and investments resulting
from the impact of the euro-area crisis, domestic supply
constraints, and intensified strikes and unrests underpin
the growth slowdown. Strong remittances and robust service
sector performance are expected to help maintain growth at a
still healthy level. Increasingly fragile political
stability does not bode well for revival of investment
needed to accelerate growth. A broad-based declining
inflation trend appears to be gaining ground. Average
(twelve-monthly-moving) inflation has declined steadily over
the past ten months, from a peak of nearly 11 percent in
February 2012 to 8 percent in March 2013, reflecting
declines in both food and non-food inflation. Favorable
international commodity prices, a stable exchange rate and
monetary tightening contributed to lowering inflation. |
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