 | Bangladesh economy set for "robust" growth
13 July, 2006
DHAKA (AFP) - Bangladesh's economy is expected to grow at 6.5-6.8 percent in the year ending June 2007 despite high oil prices, creeping inflation and an impending general election, the central bank said.
Overall growth for the 2007 fiscal year "is projected to be in the 6.5-6.8 percent range", the bank said releasing its half-yearly monetary policy statement on Thursday.
"The economy achieved record growth of 6.71 percent in the year to June 2006 and the robust growth trend will continue for the next 12 months," the bank's governor Saleh Uddin Ahmed told reporters.
Deputy governor Allah Malik Kazemi said the economy would sustain its higher growth despite a range of challenges. Inflation reached 7.14 per cent in May.
Release link:http://news.yahoo.com/s/afp/20060713/wl_sthasia_afp/bangladesheconomy_060713120958
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