Dhaka, Apr 23 (UNI) The World Bank has lowered Bangladesh's economic growth projection to 3.3% in the current fiscal, down from its January forecast of 4.1 percent due to the political uncertainty and persistent financial challenges facing the country.
In its latest South Asia Development Update, the World Bank also warned the 12-month average inflation in the country could hit 10 percent in FY25.
"This primarily reflects the disruptions arising from last summer's social unrest and political tensions. It also reflects the trade disruptions, the persistence of inflation, worsening bank health, governance challenges, and general uncertainty about the country's political future, all of which will contribute to an expected decline in investment," it said.