POST TIME: 2 January, 2018 00:00 00 AM
Country’s economy to grow despite all odds: FBCCI

Country’s economy to grow despite 
all odds: FBCCI

Irregularities in credit management in banking sector, Rohingya influx and the floods in the last year will continue to keep overall economy under pressure this year, says the president of the country’s apex trade body, reports UNB.

But at the same time Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Shafiul Islam Mohiuddin considers that in spite of all odds country’s GDP will continue to grow in 2018.

“We have witnessed continued growth and there have been success in achieving the targets of Gross Domestic Product (GDP). This growth trend will continue this year, too,” FBCCI President told the news agency.

He said the internal economy was under pressure due to floods in different parts of the country and Rohingya influx in 2017.

Nearly one million Rohingyas are now living in Bangladesh with 655,000 new arrivals since August 25, 2017.

“We, apart from that, have seen irregularities in credit management in the banking sector which is not good for economy. These issues will keep overall economy under pressure,” he said.

The apex trade body leader, however, said the works of the mega projects taken by the government are gaining momentum. “If these mega projects in infrastructure sector are implemented, these will be shining example of Bangladesh’s development. We are satisfied with the government activities.”

Mohiuddin said many new entrepreneurs have emerged and there is visible progress over establishment of special economic zones. “These are good signs. But we need energy supply and improved transportation system. These areas need to be addressed in this year.”