World Bank hails Bangladesh export rebound
09/04/2018
“Despite challenges,” the report said, “the country maintained robust growth. Its exports have rebounded with growth of 6.3% in the current fiscal year so far, compared with 4% in the previous year.” The fiscal year in Bangladesh runs from July to June.
The World Bank said specifically that the ready-made garment sector has led export growth.
It projected that growth in gross domestic product in Bangladesh will be “robust” at between 6.5% and 7% between now and June 2020, but it says the country must achieve export-led growth by breaking into new markets with new products to create more and better employment opportunities. Around two million young people enter the job market there every year and, according to the World Bank, the country also needs to create “an enabling environment” to increase the numbers of women working.
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