Bangladesh best in the world in terms of growth: Reports
Dhaka, January 14: The impact of the coronavirus pandemic has slowed global economic growth. A new variant of the coronavirus is going to put global growth at risk in the coming days due to the upward transmission of Omicron. Growth will slow further by 2023. However, Bangladesh will be the best in the world to achieve growth at this time.
Bangladesh will keep progress even in the midst of global recession. In the fiscal year 2021-22, the growth of Bangladesh will be 6.4 percent. In the next financial year i.e. 2022-23, the growth rate will be 6.9 percent. In FY 2021-22, only India will overtake Bangladesh, but in FY 2022-23, Bangladesh will overtake the whole world.
The World Bank released its Global Outlook from Washington on Friday (January 14). This information is given in it. In the published outlook, the World Bank has mentioned the growth of the new year as well as the risks to the global economy.
It has been mentioned that the global recession is due to the coronavirus crisis. Lockdowns are given to reduce the incidence of corona, so that the supply chain is not maintained properly. As a result, many people are losing their jobs in the factories with huge losses. Emerging markets and developing economies face obstacles. Significantly weaker and more fragile is the global economy. Vaccination progress has slowed in many countries. As a result, the Corona crisis is growing. Which is having an impact on the global economy.
Growth slows in developed countries too: US growth will be 3.6 percent in 2021-22 fiscal year. In the next financial year i.e. 2022-23, the growth rate will be 2.6 percent. Europe will also be a disaster in terms of growth. In the current financial year, the growth rate of European countries will be 3 percent. In the next financial year it will be only 2.9 percent. Growth will slow in Japan as well. Such fears have been expressed in Global Outlook mainly due to Omicron. In fiscal year 2021–22, Japan's growth will be 2.9 percent. In the next financial year i.e. 2022-23, the growth rate will be 1.2 percent.
Disaster in developing countries too: Omicron has begun to have an impact on growth. In this global recession, there is no country around Bangladesh except India. Bangladesh has surpassed China, Pakistan, Saudi Arabia and many other countries in achieving growth.