• Thursday, Jun 30, 2022
  • Last Update : 04:24 pm

Report: 7% growth still achievable in H2

  • Published at 01:12 am March 31st, 2017
  • Last updated at 01:13 am March 31st, 2017
Report: 7% growth still achievable in H2
A new research report assessed that a 7% growth rate is still achievable in the second half of the current fiscal year, on the back of moderate credit growth, higher rates of public and private sector investment, stabilisation of remittance earnings, and stronger exports, due to a stronger dollar. The report titled “Global Headwinds, Local Resilience and Rising Markets: Update on the Macro Economy and Capital Markets,” was prepared by Sajid Amit, Director of Center for Enterprise and Society (CES) of the University of Liberal Arts Bangladesh (ULAB). It suggested that a disciplined monetary policy management and a more ambitious fiscal policy implementation are important to weather the shocks to the external sector in the intermediate term. The report emphasised a balancing act, which is to encourage investment without heating up the economy or the capital markets. In addition to private sector investments, mobilising revenue for public sector investment will be important in the short run, according to the report. The report mentioned that Bangladesh’s strong external reserves are a panacea given the external sector shocks and it will be essential to maintain the current high levels. “The recent rally in the capital markets, while a positive sign of investor confidence, should not be allowed to enter a bubble territory. It is important for brokers to communicate the same to investors just as it is for policy-makers to be surgically precise with regard to monetary policy management,” the report said. “The capital markets will be an important growth driver in the longer run,” it added. According to the report, the country’s large pool of savings, despite low banking sector penetration, may not be adequately utilised by the banking sector. The report said: “It is essential to develop policies that encourage issuance of fresh and fundamentally strong equities that render the capital markets a source for financing long-term investment.”
50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail