ADB revises up growth forecast for Bangladesh

The Asian Development Bank on Tuesday last estimated Bangladesh's economic growth at 7.1pc for fiscal 2015-16, which is higher than the government's estimate. Bangladesh Bureau of Statistics forecast the country's economic growth at 7.05pc for the year, while the previous estimate of the ADB was 6.7pc.

Despite some statistical discrepancy, net exports are likely to have contributed to growth, the Manila-based lender said. However, for the current fiscal year the ADB forecasts the country's gross domestic product growth at 6.9pc, similar to its previous prediction. The government's forecast of GDP growth for the current year is 7.2pc.