South Asia
GDP Growth Sri Lanka-Pakistan in dire crisis, Bangladesh safe: World Bank
Own Correspondent, Dhaka, Oct 7: In the current financial year (2022-23), Sri Lanka and Pakistan are going to face a serious crisis in achieving growth in the gross domestic product (GDP). Although these two South Asian countries are in danger of achieving growth, Bangladesh is in a safe place, according to the World Bank.
This information was shared in a press release sent from the organization's Dhaka office on Thursday (October 6).
According to the World Bank, the growth of Bangladesh will be 6.1 percent at the end of the current financial year. However, the Asian Development Bank (ADB) had predicted that the gross domestic product (GDP) growth in the current financial year could be 6.6 percent. World Bank showed lower growth than ADB.
However, the organization said that Bangladesh will rank third in terms of growth in South Asia.
According to the World Bank, the Maldives is at the top of South Asia's growth at 8.1 percent, followed by India at 7 percent.
On the other hand, Sri Lanka will achieve a negative (minus) 4.2 percent growth in the current financial year. Afghanistan is faring better than Sri Lanka, with a growth rate of 5.8 percent.
Besides, Bhutan will grow by 4.1 percent, Nepal by 5.1 percent, and Pakistan by only 2 percent during the same period.
