Bangladesh: Govt eyes 7.5% GDP growth in FY23

DHAKA, 10 June 2022, (TON): The GDP growth rate has been targeted to be 7.5 percent for the next fiscal year considering the lagged effects of the COVID-19 and the protracted crisis arising from the Russia-Ukraine conflict.

Finance Minister AHM Mustafa Kamal said “this while placing the proposed national budget for FY23 at Jatiya Sangsad.”

He said “only in the FY20, the economic growth was hampered due to the pandemic.”

According to the new base year, a record 7.88 percent growth was achieved in FY19, but in the following year, FY20, it decreased to 3.45 percent due to the pandemic.

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