15 May 2024

Bangladesh’s outlook remains bright despite global uncertainty

By Redoy K

Despite global uncertainty, Bangladesh’s economic outlook remains bright with steady growth expected, said Frederic Neumann, HSBC’s chief Asia economist. He projected Bangladesh’s GDP growth at 5.9% for 2024-25 and 6.3% for 2025-26, supported by household spending, remittances, and investment. Highlighting opportunities, he stressed the need for Bangladesh to capitalize on record FDI flowing into Asia to thrive in the coming years, building on its growing competitiveness.