Bangladesh's estimated growth higher than forecast for FY 2023: ADB
Bangladesh’s estimated growth higher than forecast for FY 2023: ADB
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Bangladesh’s estimated growth higher than forecast for FY 2023: ADB
Asian Development Bank has left the forecast for India's economic growth unchanged at 6.4% and 6.7% for this and the next fiscals, while it eyes inflation to ease. "Asia and the Pacific continues to recover from the pandemic at a steady pace," ADB Chief Economist Albert Park said.
ADB’s outlook pegged a decline in inflation, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation for Asia’s developing economies and 3.4 per cent in 2024.
The Asian Development Bank today raised growth projection for Bangladesh’s economy to 6 percent for the Fiscal Year (FY) 2022-23, as net exports performed better than expected.
The Asian Development Bank (ADB) has retained its forecast of India's economic growth at 6.4% for FY24 due to recovery in consumption demand in rural and urban areas, but highlighted that slow exports due to the global slowdown will still weigh on growth. ADB also lowered its inflation projection for the current fiscal year to 4.9%, from 5%, due to falling crude oil prices.