WB doubts about 7.05pc growth projection

The World Bank (WB) has projected 6.8 percent for this fiscal year expressing doubt about the 7.5 percent provisional estimate of Bangladesh’s gross domestic product (GDP) in the Fiscal year 2015-16.

WB on Saturday pointed out in its development update that all sectors except export do not substantiate the government’s growth forecast.

WB says it is difficult to understand how Bangladesh GDP would grow from 6.55 per cent to 7.05 per cent this year.

Zahid Hussain, lead economist of the World Bank said, the question is about whether the official estimate is consistent with other growth related indicators.