Bangladesh to see 7.5pc GDP growth in 2021: ADB

Bangladesh's GDP is expected to grow by 4.5 percent in 2020 and 7.5 percent in 2021.

The Asian Development Bank (ADB) disclosed this in a report of Asian Development Outlook (ADO) 2020 Supplement on Thursday.

The growth forecast for2020 reflects sharp decrease in economic activities in the last quarter due to Covid-19 pandemic and its outbreak in Bangladesh, says a press release.

Bangladesh's economy is expected to recover in fiscal year 2021 after coronavirus induced slowdown in FY2020, according to the latest report of ADO Supplement.

During FY2021, GDP growth rate is expected to pick up to 7.5 percent driven by gradual recovery in the first two quarters, followed by quick recovery in the following quarters.

Dhaka/Hasibul/Mukul