ADB raises growth forecast for Bangladesh's economy to 6pc for fy23.

The Asian Development Bank raised growth projection for Bangladesh's economy to 6 percent for the Fiscal Year (FY) 2022-23, as net exports performed better than expected.

The Latest forecast by the Manila-based multilateral lender is close to the estimate by the Bangladesh Bureau of Statistics (BBS) at 6.03 percent for the FY23.

The ADB in April forecasted 5.3 percent growth for Bangladesh's economy for the fiscal year.

For the current FY24, the ADB has kept forecast for growth of Bangladesh's economy is unchanged at 6.5 percent.

"The Higher estimate of 6 percent for FY23 ended on June 30 reflects strong net exports as imports fell more sharply than expected and export growth slowed less than expected," said the ADB in its...