Awami League will win the 11th general polls as it has overseen solid economic growth, the report says.
London-based Economic Intelligence Unit (EIU) has predicted that the ruling Awami League would return to power with majority of parliamentary seats at the 11th parliamentary election.
In the country report on Bangladesh, published on December 4, EIU stated that the Awami League will win the next polls by majority principally due to the fact that it has overseen solid economic growth.
It also predicted that Bangladesh’s economic growth would remain robust and real GDP will grow by an average of 7.7% per year from 2018-2019 to 2022-2023 fiscal years, bolstered by strong increases in private consumption and gross fixed investment.
The report also specifically mentions the reputation of Prime Minister Sheikh Hasina as being the key factor in the next election, stating that she remains the most popular candidate, according to numerous local opinion polls.
EIU report adds that Bangladesh’s impressive record of economic growth and socio-economic development under the Awami League administration, coupled with a lack of an effective opposition election campaign, will be enough to fend off any challenge posed by the BNP or the Jatiya Oikya Front more broadly.
The report predicts that a win for Awami League will be important in sustaining foreign investment, and will also support the administration’s drive to expand and deepen private sector participation in the economy.
Following such a win, Bangladesh is expected to continue to exploit its strategically important location on the Bay of Bengal to extract concessions and economic assistance from India, China and Japan.
However, Bangladesh’s relations with Myanmar will remain tense in the medium term owing to the Rohingya crisis, which will remain severe, at least in the early part of the forecast period, the report reads.
What is the EIU?
The Economist Intelligence Unit (EIU) is a specialist publisher serving companies establishing and managing operations across national borders for the past six decades. The firm is a member of The Economist Group.