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State of the Bangladesh Economy in FY2008 First Six Months of FY2007-08 : Changes, and Challenges Ahead

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  • Independent Review of Bangladesh’s Development

    (CPD - Centre for Policy Dialogue)

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    Abstract

    Over the first six months of the current fiscal year, almost all the major targets set for FY2007-08 by the current CTG came under serious test. Two successive floods, cyclone Sidr, global market situation, domestic inflation and the consequent impact on investment and business scenarios have raised serious concerns as to whether the macroeconomic targets set for FY2008 could be achieved. Whilst forex reserves, remittance flow, revenue collection by the National Board of Revenue (NBR) and stock market performance give some hope, there are alarming developments in the area of prices, export and investment undermining the prospects of achieving the GDP target for FY2008. In view of the above, the present report focuses on three major areas : (a) analysis of the performance of major macroeconomic correlates during the first six months of the current fiscal year (depending on data availability); (b) outlook for the prospects of achieving the targets set for FY2008; and (c) some of the major challenges facing the CTG as it moves toward the dead line set for holding the national elections by the end of 2008.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 23168.

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    Date of creation: Feb 2012
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    Handle: RePEc:eab:develo:23168

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    Keywords: Bangladesh; development;

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