Bangladesh Economic Update, September 2011

Real gross domestic product (GDP) grew at 6.7 percent in FY11, continuing the upward trend in growth after declining during FY06-09. This strong performance can be repeated in FY12 if exports continue to grow and if garment exports benefit from the...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCESS TO FINANCE ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADMINISTRATIVE REFORMS ADVANCED COUNTRIES ADVANCED ECONOMIES AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATION OF CAPITAL ASSET PRICES BALANCE OF PAYMENTS BANK BORROWING BANK FINANCING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BASIS POINTS BENCHMARK BORROWER BROAD MONEY BROKERAGE BROKERAGE HOUSES CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FUNDS CAPITAL MARKET CENTRAL BANK COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMER LOANS CONSUMER SPENDING CONTINGENT LIABILITIES CONTRACT RENEGOTIATIONS CORPORATE GOVERNANCE CREDIT FACILITY CREDIT FLOWS CREDIT GROWTH CREDIT RATING CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBTS DEFICIT FINANCING DEFICITS DEFLATION DEMAND GROWTH DEVELOPING COUNTRIES DISPUTE RESOLUTION DIVERSIFICATION DOMESTIC BANK DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ACTIVITIES ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC OUTLOOK EQUIPMENTS EQUITY MARKETS EXCESS DEMAND EXCHANGE COMMISSION EXCHANGE RATE EXPATRIATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL BORROWING EXTERNAL FINANCING FINANCIAL ACCOUNT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTMENT FREE TRADE GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT DEBT GROWTH POTENTIAL GROWTH RATES INCOME INCOME TAX INCOMES INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTEREST RATE CAPS INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTMENT CLIMATE IPO LDCS LENDING REQUIREMENTS LETTER OF CREDIT LEVEL PLAYING FIELD LEVY LIQUIDITY LOAN CLASSIFICATION LOAN DECISIONS LOAN PORTFOLIO LOANABLE FUNDS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MARKET ACCESS MARKET COMPETITION MARKET DISTORTIONS MERCHANT MONETARY FINANCING MONETARY POLICY MONEY GROWTH MORAL HAZARD MUTUAL FUNDS NET EXPORTS NON-PERFORMING LOAN NON-PERFORMING LOANS OIL PRICES OUTPUT OUTSOURCING PENSIONS PETROLEUM PRICES POLICY ENVIRONMENT PRICE ADJUSTMENTS PRICE INCREASES PRICE INDEX PRICE INFLATION PRICE LEVEL PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE PLACEMENT PRODUCTION INCREASES PUBLIC INVESTMENT RAPID EXPANSION RAPID GROWTH RATE OF GROWTH REAL ESTATE REAL GDP RECESSION REGULATOR REMITTANCE REMITTANCES REPO REPO RATES RESERVE RESERVE BANK RESERVE REQUIREMENT RETAIL RETURNS SALES SAVINGS SECURITIES SHARE PRICES SMALL BUSINESS STOCK EXCHANGE STOCK MARKET STOCK MARKETS STOCKS STRUCTURAL PROBLEMS TAX TAX BURDEN TAX COLLECTION TAX COLLECTIONS TAX RETURNS TAX REVENUES TELECOMMUNICATIONS TOTAL REVENUE TRADE DEFICIT TRADE FINANCING TRADE REFORMS TURNOVER WEAK CORPORATE GOVERNANCE WITHHOLDING TAX
Online Access:	http://documents.worldbank.org/curated/en/311341467998485567/Bangladesh-economic-update http://hdl.handle.net/10986/27075

id	okr-10986-27075
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO FINANCE ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADMINISTRATIVE REFORMS ADVANCED COUNTRIES ADVANCED ECONOMIES AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATION OF CAPITAL ASSET PRICES BALANCE OF PAYMENTS BANK BORROWING BANK FINANCING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BASIS POINTS BENCHMARK BORROWER BROAD MONEY BROKERAGE BROKERAGE HOUSES CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FUNDS CAPITAL MARKET CENTRAL BANK COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMER LOANS CONSUMER SPENDING CONTINGENT LIABILITIES CONTRACT RENEGOTIATIONS CORPORATE GOVERNANCE CREDIT FACILITY CREDIT FLOWS CREDIT GROWTH CREDIT RATING CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBTS DEFICIT FINANCING DEFICITS DEFLATION DEMAND GROWTH DEVELOPING COUNTRIES DISPUTE RESOLUTION DIVERSIFICATION DOMESTIC BANK DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ACTIVITIES ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC OUTLOOK EQUIPMENTS EQUITY MARKETS EXCESS DEMAND EXCHANGE COMMISSION EXCHANGE RATE EXPATRIATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL BORROWING EXTERNAL FINANCING FINANCIAL ACCOUNT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTMENT FREE TRADE GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT DEBT GROWTH POTENTIAL GROWTH RATES INCOME INCOME TAX INCOMES INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTEREST RATE CAPS INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTMENT CLIMATE IPO LDCS LENDING REQUIREMENTS LETTER OF CREDIT LEVEL PLAYING FIELD LEVY LIQUIDITY LOAN CLASSIFICATION LOAN DECISIONS LOAN PORTFOLIO LOANABLE FUNDS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MARKET ACCESS MARKET COMPETITION MARKET DISTORTIONS MERCHANT MONETARY FINANCING MONETARY POLICY MONEY GROWTH MORAL HAZARD MUTUAL FUNDS NET EXPORTS NON-PERFORMING LOAN NON-PERFORMING LOANS OIL PRICES OUTPUT OUTSOURCING PENSIONS PETROLEUM PRICES POLICY ENVIRONMENT PRICE ADJUSTMENTS PRICE INCREASES PRICE INDEX PRICE INFLATION PRICE LEVEL PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE PLACEMENT PRODUCTION INCREASES PUBLIC INVESTMENT RAPID EXPANSION RAPID GROWTH RATE OF GROWTH REAL ESTATE REAL GDP RECESSION REGULATOR REMITTANCE REMITTANCES REPO REPO RATES RESERVE RESERVE BANK RESERVE REQUIREMENT RETAIL RETURNS SALES SAVINGS SECURITIES SHARE PRICES SMALL BUSINESS STOCK EXCHANGE STOCK MARKET STOCK MARKETS STOCKS STRUCTURAL PROBLEMS TAX TAX BURDEN TAX COLLECTION TAX COLLECTIONS TAX RETURNS TAX REVENUES TELECOMMUNICATIONS TOTAL REVENUE TRADE DEFICIT TRADE FINANCING TRADE REFORMS TURNOVER WEAK CORPORATE GOVERNANCE WITHHOLDING TAX
spellingShingle	ACCESS TO FINANCE ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADMINISTRATIVE REFORMS ADVANCED COUNTRIES ADVANCED ECONOMIES AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATION OF CAPITAL ASSET PRICES BALANCE OF PAYMENTS BANK BORROWING BANK FINANCING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BASIS POINTS BENCHMARK BORROWER BROAD MONEY BROKERAGE BROKERAGE HOUSES CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FUNDS CAPITAL MARKET CENTRAL BANK COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMER LOANS CONSUMER SPENDING CONTINGENT LIABILITIES CONTRACT RENEGOTIATIONS CORPORATE GOVERNANCE CREDIT FACILITY CREDIT FLOWS CREDIT GROWTH CREDIT RATING CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBTS DEFICIT FINANCING DEFICITS DEFLATION DEMAND GROWTH DEVELOPING COUNTRIES DISPUTE RESOLUTION DIVERSIFICATION DOMESTIC BANK DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ACTIVITIES ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC OUTLOOK EQUIPMENTS EQUITY MARKETS EXCESS DEMAND EXCHANGE COMMISSION EXCHANGE RATE EXPATRIATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL BORROWING EXTERNAL FINANCING FINANCIAL ACCOUNT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTMENT FREE TRADE GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT DEBT GROWTH POTENTIAL GROWTH RATES INCOME INCOME TAX INCOMES INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTEREST RATE CAPS INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTMENT CLIMATE IPO LDCS LENDING REQUIREMENTS LETTER OF CREDIT LEVEL PLAYING FIELD LEVY LIQUIDITY LOAN CLASSIFICATION LOAN DECISIONS LOAN PORTFOLIO LOANABLE FUNDS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MARKET ACCESS MARKET COMPETITION MARKET DISTORTIONS MERCHANT MONETARY FINANCING MONETARY POLICY MONEY GROWTH MORAL HAZARD MUTUAL FUNDS NET EXPORTS NON-PERFORMING LOAN NON-PERFORMING LOANS OIL PRICES OUTPUT OUTSOURCING PENSIONS PETROLEUM PRICES POLICY ENVIRONMENT PRICE ADJUSTMENTS PRICE INCREASES PRICE INDEX PRICE INFLATION PRICE LEVEL PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE PLACEMENT PRODUCTION INCREASES PUBLIC INVESTMENT RAPID EXPANSION RAPID GROWTH RATE OF GROWTH REAL ESTATE REAL GDP RECESSION REGULATOR REMITTANCE REMITTANCES REPO REPO RATES RESERVE RESERVE BANK RESERVE REQUIREMENT RETAIL RETURNS SALES SAVINGS SECURITIES SHARE PRICES SMALL BUSINESS STOCK EXCHANGE STOCK MARKET STOCK MARKETS STOCKS STRUCTURAL PROBLEMS TAX TAX BURDEN TAX COLLECTION TAX COLLECTIONS TAX RETURNS TAX REVENUES TELECOMMUNICATIONS TOTAL REVENUE TRADE DEFICIT TRADE FINANCING TRADE REFORMS TURNOVER WEAK CORPORATE GOVERNANCE WITHHOLDING TAX World Bank Bangladesh Economic Update, September 2011
geographic_facet	South Asia Bangladesh
description	Real gross domestic product (GDP) grew at 6.7 percent in FY11, continuing the upward trend in growth after declining during FY06-09. This strong performance can be repeated in FY12 if exports continue to grow and if garment exports benefit from the agreement reached during the recent India-Bangladesh Summit, remittances continue to recover, and if investment is boosted by improved infrastructure services particularly power. Risks in the global economy can affect Bangladesh in several ways. The standard and poor (S&P) downgrade of US debt as well as the debt problems in the Euro Zone are affecting the international markets and renewing fears of another global slowdown. This time around, limited fiscal and monetary space in developed countries increases the chances of a protracted slowdown. If this slowdown occurs, it can affect Bangladesh's balance of payments through its impact on exports and remittances, put pressure on the exchange rate, increase economic uncertainty, and, in turn, weaken investment and growth. Domestic policies will also affect Bangladesh's economic prospects. A slow pace of reforms in the investment climate can affect domestic and foreign investment, as can inadequacies in energy supply and the poor quality of roads. The reversal of trade reforms as well as weakening of the financial sector can also affect export growth and investment. Expansionary macroeconomic policies could increase risks on the current account and make inflation management more difficult. Unlike in 2008, Bangladesh has insufficient policy space to cushion the impact of a second global slowdown through fiscal stimulus. packages and monetary easing. Rapid growth in subsidies, sustained high rate of growth of credit to the private sector as well as recourse to monetary financing of the fiscal deficit have led to the erosion of the fiscal and monetary policy space. Much improved fiscal and monetary discipline combined with stronger efforts to address the energy and infrastructure deficits will be critical for sustaining growth performance. Maintaining the long-established tradition of sound macroeconomic management will also be important.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bangladesh Economic Update, September 2011
title_short	Bangladesh Economic Update, September 2011
title_full	Bangladesh Economic Update, September 2011
title_fullStr	Bangladesh Economic Update, September 2011
title_full_unstemmed	Bangladesh Economic Update, September 2011
title_sort	bangladesh economic update, september 2011
publisher	Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/311341467998485567/Bangladesh-economic-update http://hdl.handle.net/10986/27075
_version_	1764463401414688768
spelling	okr-10986-270752021-04-23T14:04:39Z Bangladesh Economic Update, September 2011 World Bank ACCESS TO FINANCE ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADMINISTRATIVE REFORMS ADVANCED COUNTRIES ADVANCED ECONOMIES AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATION OF CAPITAL ASSET PRICES BALANCE OF PAYMENTS BANK BORROWING BANK FINANCING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BASIS POINTS BENCHMARK BORROWER BROAD MONEY BROKERAGE BROKERAGE HOUSES CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FUNDS CAPITAL MARKET CENTRAL BANK COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMER LOANS CONSUMER SPENDING CONTINGENT LIABILITIES CONTRACT RENEGOTIATIONS CORPORATE GOVERNANCE CREDIT FACILITY CREDIT FLOWS CREDIT GROWTH CREDIT RATING CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBTS DEFICIT FINANCING DEFICITS DEFLATION DEMAND GROWTH DEVELOPING COUNTRIES DISPUTE RESOLUTION DIVERSIFICATION DOMESTIC BANK DOMESTIC BORROWING DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ACTIVITIES ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC OUTLOOK EQUIPMENTS EQUITY MARKETS EXCESS DEMAND EXCHANGE COMMISSION EXCHANGE RATE EXPATRIATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL BORROWING EXTERNAL FINANCING FINANCIAL ACCOUNT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTMENT FREE TRADE GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT DEBT GROWTH POTENTIAL GROWTH RATES INCOME INCOME TAX INCOMES INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTEREST RATE CAPS INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTMENT CLIMATE IPO LDCS LENDING REQUIREMENTS LETTER OF CREDIT LEVEL PLAYING FIELD LEVY LIQUIDITY LOAN CLASSIFICATION LOAN DECISIONS LOAN PORTFOLIO LOANABLE FUNDS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MARKET ACCESS MARKET COMPETITION MARKET DISTORTIONS MERCHANT MONETARY FINANCING MONETARY POLICY MONEY GROWTH MORAL HAZARD MUTUAL FUNDS NET EXPORTS NON-PERFORMING LOAN NON-PERFORMING LOANS OIL PRICES OUTPUT OUTSOURCING PENSIONS PETROLEUM PRICES POLICY ENVIRONMENT PRICE ADJUSTMENTS PRICE INCREASES PRICE INDEX PRICE INFLATION PRICE LEVEL PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE PLACEMENT PRODUCTION INCREASES PUBLIC INVESTMENT RAPID EXPANSION RAPID GROWTH RATE OF GROWTH REAL ESTATE REAL GDP RECESSION REGULATOR REMITTANCE REMITTANCES REPO REPO RATES RESERVE RESERVE BANK RESERVE REQUIREMENT RETAIL RETURNS SALES SAVINGS SECURITIES SHARE PRICES SMALL BUSINESS STOCK EXCHANGE STOCK MARKET STOCK MARKETS STOCKS STRUCTURAL PROBLEMS TAX TAX BURDEN TAX COLLECTION TAX COLLECTIONS TAX RETURNS TAX REVENUES TELECOMMUNICATIONS TOTAL REVENUE TRADE DEFICIT TRADE FINANCING TRADE REFORMS TURNOVER WEAK CORPORATE GOVERNANCE WITHHOLDING TAX Real gross domestic product (GDP) grew at 6.7 percent in FY11, continuing the upward trend in growth after declining during FY06-09. This strong performance can be repeated in FY12 if exports continue to grow and if garment exports benefit from the agreement reached during the recent India-Bangladesh Summit, remittances continue to recover, and if investment is boosted by improved infrastructure services particularly power. Risks in the global economy can affect Bangladesh in several ways. The standard and poor (S&P) downgrade of US debt as well as the debt problems in the Euro Zone are affecting the international markets and renewing fears of another global slowdown. This time around, limited fiscal and monetary space in developed countries increases the chances of a protracted slowdown. If this slowdown occurs, it can affect Bangladesh's balance of payments through its impact on exports and remittances, put pressure on the exchange rate, increase economic uncertainty, and, in turn, weaken investment and growth. Domestic policies will also affect Bangladesh's economic prospects. A slow pace of reforms in the investment climate can affect domestic and foreign investment, as can inadequacies in energy supply and the poor quality of roads. The reversal of trade reforms as well as weakening of the financial sector can also affect export growth and investment. Expansionary macroeconomic policies could increase risks on the current account and make inflation management more difficult. Unlike in 2008, Bangladesh has insufficient policy space to cushion the impact of a second global slowdown through fiscal stimulus. packages and monetary easing. Rapid growth in subsidies, sustained high rate of growth of credit to the private sector as well as recourse to monetary financing of the fiscal deficit have led to the erosion of the fiscal and monetary policy space. Much improved fiscal and monetary discipline combined with stronger efforts to address the energy and infrastructure deficits will be critical for sustaining growth performance. Maintaining the long-established tradition of sound macroeconomic management will also be important. 2017-06-13T15:41:53Z 2017-06-13T15:41:53Z 2011-09 Report http://documents.worldbank.org/curated/en/311341467998485567/Bangladesh-economic-update http://hdl.handle.net/10986/27075 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Bangladesh

Bangladesh Economic Update, September 2011

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