Unrest could hurt Bangladesh growth prospects: report

The World Bank said Wednesday (January 15th) political uncertainty and widespread disruptions surrounding national elections will likely hamper Bangladesh's economic growth, local media reported.

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In its report on Global Economic Prospects, the bank forecast GDP growth for the current fiscal year would remain at 5.7%, much lower than the government's projection of 7.2%, the Dhaka Tribune reported.

The bank also warned that continued social unrest coupled with safety problems in garment factories could adversely affect the country's manufacturing and export performance as well as "hamper a sustained revival of business confidence and investment".

Still, the government questioned the bank's forecast, as quick and effective measures could lead to higher growth.

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