Bangladesh’s Economic Growth Plunges to 1.81% in Early FY251 min read
Bangladesh’s economy grew by just 1.81% in the first quarter of FY25, its slowest expansion in 14 quarters. The period from July to September was marred by a nationwide uprising that led to the fall of Sheikh Hasina’s government in early August, severely disrupting economic activity reportedly.
Data from the Bangladesh Bureau of Statistics (BBS) highlights the stark contrast to the same quarter of FY24 when GDP expanded by 6.04%.
Read more: Unemployment Rises By 1.7 Lakh In One Year, BBS
The downturn impacted all major sectors :-
Agriculture saw marginal growth of only 0.16%, down from 0.35% a year earlier.
Industrial output sharply declined, growing at just 2.13% compared to 8.22% in the same period of FY24.
Services, a backbone of the economy, managed just 1.54% growth, significantly lower than the 5.07% recorded last year.
The economic slump is a sobering reminder of the vulnerabilities posed by political instability, with the country now grappling to stabilize and recover momentum.
For more updates, be with Markedium.
