Economic Research

Economy of Bangladesh at a Glance: Despite world(prenominal) economic recession and weak gain in manufacturing, index finger and mining sectors, the Bangladesh economy managed a respectable 5.9 percent egression in FY09, which is well above the Multilateral Financial Institutions forecasts of 4.5 to 5.0 percent. A moderately good growth of agriculture had offset the muffled growth in industry and services sectors. Without the contribution of agriculture, the boilers suit gross domestic product growth could be much lower (see the Table). memory in view the ongoing global economic recession, politics has set a moderate 6.0% growth target for GDP in the current fiscal (2009-10), but seeks to achieve higher(prenominal) growth rates in the next four historic period: 6.8% in 2010-11, 7.5% in 2011-12, and 8.0% in 2012-13 and thereafter. The question remains be these growth targets achievable? Despite the downward revision of the IMF growth forecast to 5% or less, we believe a 6%+ growth is quite possible. (See the Table) Looking at the current act of the economy and the behaviour of principal macroeconomic indicators, in this protrude paper we examines the prospect and possibilities of achieving the targeted GDP growth in the snug and the medium term. The performance of social sectors (education, health), the financial sectors (banking, insurance, capital market), dig up market behaviour and the employment situation are excessively discussed briefly in the latter part in this paper.

bringing and Investment High rates of saving and investment are requirement prerequisites for high economic growth, but domestic saving in Bangladesh, on which investment greatly depends, has remained stagnant at just about 20.0% of GDP in the past few years. Table 1: Saving and Investment (as percent of GDP) |Fiscal Year |2004-05 |2005-06 |2006-07 |2007-08 |2008-09 (P) | | domesticated Saving |20.01 |20.25 |20.35... If you want to get a full essay, rewrite it on our website: Orderessay

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