Depending on the export and remittances and much like the previous years, Bangladesh’s economic recovery will continue amidst the second wave of the coronavirus pandemic.
According to reports, Asian Development Bank (ADB) — the Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines even as it also maintains 31 field offices around the world to promote social and economic development in Asia — maintained this in its Asian Development Outlook Supplement of July, issued recently from Manila.
In the ADB’s outlook supplement, the growth prospects of Bangladesh and other South Asian countries, have been kept the same as in April — in April, outlook predicted a growth rate of 6.8 per cent in Bangladesh — even if when the report was released on 26 April, Manmohan Prakash, who is the ADB Country Director for Bangladesh, reportedly, underlined that it could be 5.5 to 6 per cent.
