DHAKA, July 9 (Xinhua) -- Bangladesh's gross domestic product (GDP) is forecast to grow by 4.5 percent in fiscal year 2026-27, according to the Asian Development Bank's (ADB) latest report released on Thursday.
The Asian Development Outlook July 2026 update notes that inflation is forecast to settle at 8.8 percent in the fiscal year (July 2026-June 2027), as second-round effects from higher energy and transport costs, exchange-rate pass-through, and persistent food and services inflation are likely to slow the pace of disinflation.
In the current fiscal year, the report notes that moderating inflation, simplified business regulations, improved governance, tax administration reforms, and continued remittance incentives are expected to help strengthen consumption and investment.
"Bangladesh's economy continues to show resilience amid a difficult global and domestic environment, supported by strong remittance inflows and steady services activity," said Akira Matsunaga, officer-in-charge for ADB's Bangladesh Resident Mission.
However, the ADB predictions came about a week after the Bangladeshi parliament passed a record 9.38-trillion-taka (nearly 77 billion U.S. dollars) national budget for fiscal 2026-27, targeting a reduction in inflation to 7.5 percent and raising GDP growth to 6.5 percent. ■
