Bangladesh has achieved stable growth over the last 9 years. It seems that the global financial crisis has not significantly affected Bangladesh mainly due to growth in exports and remittances. Although pressures from the global slowdown are building up and the financial crisis in the developed countries is unfolding and recession lasting longer than expectation, we had a growth rate in the range of 5.5 per cent to 6.0 per cent (data: June 2009). Although external debt is on the rise in recent years, it looks manageable because of declining ratio of exports to external debt. Click here to read more…
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