DHAKA: Bangladesh’s GDP growth could hit eight percent in the current fiscal year, according to a new Asian Development Bank (ADB) report.

The achievement is owing to-individual needs, demand for consumption in private sectors, increasing investment in private sectors, maintenance of positive trend in export earnings and remittance flow and continuous government’s development in the infrastructure sector.

At the same time, the inflation rate is said to be limited within 5.5 percent, said the report titled ‘Asian development Outlook 2019.’

Manmohan Parkash, the ADB’s country director for Bangladesh, published the report at a media briefing in its Dhaka office on Wednesday (April 3).

He highlighted some contributory factors- growth of crops, low price of food and oil worldwide-which will limit inflation. 

Senior Economist of ADB’s Dhaka Office, San Chang Hong said, “This is a great achievement after 1974. Export, supply of goods and   industrial development are on the right track.”

BDST:  1527 HRS, APRIL 3, 2019

AH/SMS