Bangladesh economy poised for 4% growth this fiscal year: ADB

The Asian Development Bank has forecast Bangladesh's gross domestic product growth at approximately 4% for the ongoing fiscal year, reflecting expectations of continued economic stabilization following earlier disruptions. The projection underscores the resilience of South Asia's second-largest economy as it navigates global headwinds and domestic challenges.

The ADB's assessment suggests that key sectors of the Bangladeshi economy are positioning themselves for incremental gains. Growth in manufacturing, remittances, and service industries is expected to provide support as the nation works to restore momentum in its development agenda.

The 4% growth forecast represents a significant benchmark for policymakers in Dhaka as the country works to balance inflation management with sustaining economic activity. Analysts note that achieving this target will depend on sustained stability in the financial sector and continued investment in productive capacity.

The outlook comes as Bangladesh continues efforts to diversify its economic base beyond its traditional reliance on garment exports. Infrastructure development and expansion in technology and service sectors are viewed as potential growth drivers for the medium term.