Bangladesh to outperform Asian peers in economic recovery
Bangladesh is likely to recover faster than its Asian peers from the COVID-19 fallout thanks to improving exports, growth in domestic consumption and remittance inflow, according to a study of Standard Chartered bank
Bangladesh is likely to recover faster than its Asian peers from the COVID-19 fallout thanks to improving exports, growth in domestic consumption and remittance inflow, according to a study of Standard Chartered bank.
In fiscal 2020-21, the economy will bounce back led by growing exports and remittance, which will also give a boost to consumption, it said.
Anubhuti Sahay, head of South Asia economics research of Standard Chartered Singapore, presented the findings of the study titled "2021 Outlook: The Road to Redemption" at a virtual discussion organised by the Bangladesh-German Chamber of Commerce and Industry (BGCCI).
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