Friday, 1 January 2010

Bangladesh economy shows its mettle in 2009 amid global recession

DHAKA, Dec. 31 (Xinhua) -- Bangladesh economy showed its mettle in 2009 when it passed one of the toughest tests triggered by the global financial meltdown, which significantly impacted performances in the major Asian nations and most of the developed countries, officials said Thursday.

They said almost all the major sectors including exports, imports, remittance and the stock market of the South Asian country have performed well in 2009 despite the shocks of global recession.

The country's central bank Thursday said Bangladesh attained a 5.9 percent GDP (gross domestic product) growth in the first half of the current fiscal year 2009-10 (July 2009-June 2010), leaving six more months to achieve the 6 percent target.

"Our GDP target growth will be achieved by the end of the fiscal year as all the key indicators of the economy are showing positive trend," Bangladesh Bank (BB) governor Atiur Rahman told reporters Thursday. Read more

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