Bangladesh Economic Update December 2013
The Unnayan Onneshan (UO), in its current issue of Bangladesh Economic Update focuses on the overall economic condition of the country at the half way stage of FY 2013-14. The end of this calendar year also marks the completion of the tenure of the current government. This issue investigates the sector wise performance of the current fiscal year in light of the targets set in the annual budget, Medium Term Macroeconomic Framework (MTMF) and other national plans, policies and goals. It also attempts to explore the current implementation status of the Annual Development Programme (ADP) and makes projection thereof.
The seeds of the present challenges have been palpable and articulated in a number of publications of the UO.
The economy is likely to experience a decelerating rate of economic growth for the third time in a row. In FY 2010-11, the rate of growth in gross domestic product (GDP) was 6.71 percent, which later declined to 6.23 percent in FY 2011-12, and further fell to 6.03 percent in FY 2012-13.