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Bangladeshi’s FY11 GDP Growth at 6.7%
Bangladesh is on track to achieve a record 6.7 per cent economic growth this financial year (2010-2011), driven by an impressive turnaround in garment exports. The Bangladesh Bank has said economic activity had gained momentum since the start of the financial year in July 2010, with exports posting 37 per cent growth in the four months to October thanks to a huge rise in garment orders. Imports were also up 37 per cent, reflecting rising domestic demand, and imports of industrial machinery grew 36 per cent, indicating a major expansion in the country’s manufacturing sector.