GDP growth to remain close to 6pc

The country’s gross domestic product (GDP) growth is expected to remain close to 6 percent at the end of the current fiscal year though the country witnessed 6.33 percent growth in the last four fiscal years (2010-2013) on average, says a Bangladesh Bank analysis on Friday. It says, “There’s a doubt a bit whether the average growth rate, maintained in the last four fiscal years, would be achieved or not.” The analysis titled ‘Five Years of Changes and Transformations: Bangladesh Bank’ sees losses, the economy suffered in the last quarter of 2013 due to election-centric political instability, as the reasons behind the slower growth. The government has revised down fiscal 2013-14’s GDP growth target to 6.5 percent from 7.2 percent. Earlier, former finance adviser to a caretaker government Dr AB Mirza Azizul Islam said the country’s GDP growth will be around 5.6 percent in the current fiscal year. The central bank analysis observed that the country’s overall economy remained comfortable in the last five years, according to UNB.