IMF trims Bangladesh GDP growth forecast to 6.4%

The International Monetary Fund (IMF) on Tuesday forecast that Bangladesh’s GDP growth is expected to be 6.4 percent this year, down from its earlier projection of 6.6 percent.

The IMF’s latest World Economic Outlook released on Tuesday also projected Bangladesh’s economy to grow by 6.7 percent in 2023.

In its report, the IMF said data and forecasts for Bangladesh are presented on a fiscal year basis. However, country group aggregates that include Bangladesh use calendar year estimates of real GDP and purchasing-power-parity GDP.

The IMF said that has downgraded the global outlook because of the unprecedented economic impact of the ongoing Russia-Ukraine war.