The World Bank’s “Global Economics Prospects January 2025” report has ranked Bangladesh in the 5th position in the GDP growth standings across South Asia for the financial year 2024. Bhutan has the highest GDP growth rate in the region (7.2%), while growth is expected to be lowest in the region for Pakistan (2.8%).
Political instability had greatly hampered Bangladesh’s growth this year. But there is light at the end of the tunnel. The economy of this country is expected to recover, growth is estimated to 5.4% in the upcoming fiscal year.
The report presented a mixed picture for South Asia, with countries like Bhutan enjoying strong growth and others facing difficult challenges. It is high time for Bangladesh to leave behind its present troubles, put its economy back on the rails and prepare for a better tomorrow. With proper management, this could help Bangladesh recover and eventually get back to its previous strong growth. A clear, focused effort can keep Bangladesh on track and help it come out stronger.
