Holding steady

Article Abstract:

Bangladesh's signs of political storms on the horizon are not reflected in the generally sunny prospects for the economy. It promises to meet the goal of 5.5% growth for the year ending June 30, although inflation has risen from 2.5% to 3.6% and credit has grown slowly despite lower interest rates. Exports in the July-Dec period rose 22% year-on-year, while imports rose 25%, largely due to demand for capital goods and raw materials to fuel manufacturing.

Economic development

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Not good enough

Article Abstract:

Bangladesh has recorded GDP growth of 5.7%, a 13.5% rise in exports, and a stable inflation rate of 4%, but there is a growing concern about political instability. The GDP growth was driven mainly by agriculture, but manufacturing only grew 3.3% in 1996-97. There have been several general strikes and there are doubts about the government's money management, particularly the borrowing of around 15 billion taka from domestic banks.

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