Content type

Bangladesh Cotton Use Faces Multiple Headwinds In 2023/24

Agribusiness / Bangladesh / Thu 22 Feb, 2024

  • We expect cotton consumption in Bangladesh to remain subdued in 2023/24 at 7.8mn bales, a 1.3% y-o-y increase compared to 2022/23 and 11.4%  lower than the peak of 8.8mn bales reached in 2021/22.
  • Factors that have weighed on cotton demand in Bangladesh and are expected to continue to do so in 2023/24 include macroeconomic challenges, energy
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Robust Exports, But Economic Challenges Remain In Bangladesh

Country Risk / Bangladesh / Thu 14 Sep, 2023

Key View

  • We expect economic growth in Bangladesh to pick up in FY2023/24 and forecast real GDP growth of 5.4% y-o-y, up from 5.1% y-o-y in FY2022/23.
  • The devaluation of the Bangladeshi taka will improve the country’s export competitiveness and keep export growth elevated.
  • In the near term, comparatively high energy prices and currency
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Bangladesh To See Weaker Growth Through FY2023/24

Country Risk / Bangladesh / Tue 06 Jun, 2023

Key View

  • We now forecast Bangladesh’s real GDP to expand by just 4.5% in FY2022/23 (July-June) and 6.0% in FY2023/24, down from our previous forecast of 6.5% and 7.9%, respectively.
  • Due to high import dependency and the Russia-Ukraine war, Bangladesh is facing economic challenges ranging from elevated inflation and balance of payments
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Growth Set To Slow In Bangladesh In FY2022/23

Country Risk / Bangladesh / Fri 03 Mar, 2023

Key View

  • At Fitch Solutions, we maintain our forecast for Bangladesh’s economy to expand by 6.5% in FY2022/23 (July-June).
  • The economy will continue to grapple with challenges from elevated inflation, rising interest rates and a slowdown in global growth.

At Fitch Solutions, we maintain our forecast that Bangladesh’s economy will expand

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More Rate Hikes To Come For Bangladesh

Country Risk / Bangladesh / Fri 07 Oct, 2022

Key View

  • Bangladesh bank raised its overnight repo rate by 25bps to 5.75% on September 29 2022, and we now expect the policy rate to be hiked further from to 6.25% by the end of FY2022/23 (July-June).
  • The central bank will continue tightening to rein in inflation, which is still above the Bangladesh Bank’s target of 5.6%.
  • Policy rate
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Bangladesh's Graduation From LDC To Developing Country Status Will Negatively Impact The Generic Medicine Sector

Pharmaceuticals / Bangladesh / Tue 13 Sep, 2022

Key View

  • Bangladesh’s graduation from Least Developed Country (LDC) will threaten to slow the growth of the generic pharmaceutical industry as a result of stringent Intellectual Property (IP) laws.
  • The pharmaceutical industry of Bangladesh has been one of the major beneficiaries of the patent waiver dedicated towards the LDCs.
  • Bangladesh
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More Rates Hikes To Come In Bangladesh

Country Risk / Bangladesh / Wed 13 Jul, 2022

Key View

  • We at Fitch Solutions have revised up our average inflation forecasts to 6.0% in FY2022/23 (July-June), from 5.4% previously, amid elevated global energy and commodity prices, taka exchange rate weakness and a recovery in domestic demand.
  • Elevated inflation will prompt Bangladesh Bank to increase the policy rate by a further 50
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Bangladesh's Growth Momentum To Wane In FY2022/23

Country Risk / Bangladesh / Tue 31 May, 2022

Key View

  • We at Fitch Solutions now forecast Bangladesh’s economy to expand by 6.5% in FY2022/23 (versus 7.7% previously), down from the official projection of 7.2% in FY2021/22 (July-June).
  • Our revision came after the Bangladesh Bureau of statistics released its latest GDP data which was rebased to FY2015/16.
  • Growth is likely to slow due
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