GDP to slow down to 5.8pc: CPD

The country’s economic growth in the current fiscal may slow down to 5.8 or even to 5.6 per cent from above 6 per cent for the last four fiscal years, predicted Centre for Policy Dialogue (CPD) Saturday. The Gross Domestic Product (GDP) growth is likely to remain between 5.6 per cent and 5.8 per cent provided that the second half of the current fiscal does not go through any major political uncertainty, noted CPD executive director Mustafizur Rahman at a programme at its office in the city. Speaking at the launching of a CPD report, titled ‘Analytical Review on Bangladesh’s Macro-economic Performance in FY2013-14’, Mustafizur Rahman said, “Assuming that there’ll be no major supply-side disruption and political turmoil over the rest of the fiscal 2013-2014, it’s likely that the GDP growth rate will be between 5.6 per cent and 5.8 per cent. Speaking on the occasion, CPD’s distinguished fellow Debapriya Bhattacharya said the government needs to come up with steps to remove policy uncertainty to boost the falling investment, according to a news agency.