Bangladesh Economic Update, September 2011

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/27075

关键词：

ACCESS TO FINANCE;  ACCOUNTING;  ADMINISTERED PRICE;  ADMINISTERED PRICES;  ADMINISTRATIVE REFORMS;  ADVANCED COUNTRIES;  ADVANCED ECONOMIES;  AGRICULTURAL PRODUCTS;  AGRICULTURE;  ALLOCATION OF CAPITAL;  ASSET PRICES;  BALANCE OF PAYMENTS;  BANK BORROWING;  BANK FINANCING;  BANKING SECTOR;  BANKING SERVICES;  BANKING SYSTEM;  BASIS POINTS;  BENCHMARK;  BORROWER;  BROAD MONEY;  BROKERAGE;  BROKERAGE HOUSES;  CAPITAL ACCOUNT;  CAPITAL FLOWS;  CAPITAL FUNDS;  CAPITAL MARKET;  CENTRAL BANK;  COMMERCIAL BANKS;  COMMODITIES;  COMMODITY;  COMMODITY PRICES;  COMPETITIVENESS;  CONSUMER GOODS;  CONSUMER LOANS;  CONSUMER SPENDING;  CONTINGENT LIABILITIES;  CONTRACT RENEGOTIATIONS;  CORPORATE GOVERNANCE;  CREDIT FACILITY;  CREDIT FLOWS;  CREDIT GROWTH;  CREDIT RATING;  CREDIT RATINGS;  CURRENT ACCOUNT;  CURRENT ACCOUNT BALANCE;  CURRENT ACCOUNT SURPLUS;  DEBT;  DEBTS;  DEFICIT FINANCING;  DEFICITS;  DEFLATION;  DEMAND GROWTH;  DEVELOPING COUNTRIES;  DISPUTE RESOLUTION;  DIVERSIFICATION;  DOMESTIC BANK;  DOMESTIC BORROWING;  DOMESTIC CREDIT;  DOMESTIC CREDIT GROWTH;  ECONOMIC ACTIVITIES;  ECONOMIC COOPERATION;  ECONOMIC GROWTH;  ECONOMIC OUTLOOK;  EQUIPMENTS;  EQUITY MARKETS;  EXCESS DEMAND;  EXCHANGE COMMISSION;  EXCHANGE RATE;  EXPATRIATE;  EXPENDITURE;  EXPENDITURES;  EXPORT GROWTH;  EXPORTS;  EXPOSURE;  EXTERNAL BORROWING;  EXTERNAL FINANCING;  FINANCIAL ACCOUNT;  FINANCIAL INSTITUTION;  FINANCIAL INSTITUTIONS;  FINANCIAL MARKET;  FINANCIAL SECTOR;  FISCAL DEFICIT;  FOOD PRICE;  FOOD PRICES;  FOREIGN ASSETS;  FOREIGN EXCHANGE;  FOREIGN EXCHANGE RESERVES;  FOREIGN FINANCING;  FOREIGN INVESTMENT;  FREE TRADE;  GLOBAL ECONOMY;  GOVERNMENT BORROWING;  GOVERNMENT DEBT;  GROWTH POTENTIAL;  GROWTH RATES;  INCOME;  INCOME TAX;  INCOMES;  INFLATION;  INFLATIONARY EXPECTATIONS;  INFLATIONARY PRESSURES;  INSTITUTIONAL INVESTORS;  INSURANCE;  INSURANCE COMPANIES;  INTANGIBLE;  INTANGIBLE ASSETS;  INTEREST RATE;  INTEREST RATE CAPS;  INTEREST RATES;  INTERMEDIATE GOODS;  INTERNATIONAL MARKETS;  INVESTMENT CLIMATE;  IPO;  LDCS;  LENDING REQUIREMENTS;  LETTER OF CREDIT;  LEVEL PLAYING FIELD;  LEVY;  LIQUIDITY;  LOAN CLASSIFICATION;  LOAN DECISIONS;  LOAN PORTFOLIO;  LOANABLE FUNDS;  MACROECONOMIC MANAGEMENT;  MACROECONOMIC POLICIES;  MARKET ACCESS;  MARKET COMPETITION;  MARKET DISTORTIONS;  MERCHANT;  MONETARY FINANCING;  MONETARY POLICY;  MONEY GROWTH;  MORAL HAZARD;  MUTUAL FUNDS;  NET EXPORTS;  NON-PERFORMING LOAN;  NON-PERFORMING LOANS;  OIL PRICES;  OUTPUT;  OUTSOURCING;  PENSIONS;  PETROLEUM PRICES;  POLICY ENVIRONMENT;  PRICE ADJUSTMENTS;  PRICE INCREASES;  PRICE INDEX;  PRICE INFLATION;  PRICE LEVEL;  PRIVATE CREDIT;  PRIVATE INVESTMENT;  PRIVATE PLACEMENT;  PRODUCTION INCREASES;  PUBLIC INVESTMENT;  RAPID EXPANSION;  RAPID GROWTH;  RATE OF GROWTH;  REAL ESTATE;  REAL GDP;  RECESSION;  REGULATOR;  REMITTANCE;  REMITTANCES;  REPO;  REPO RATES;  RESERVE;  RESERVE BANK;  RESERVE REQUIREMENT;  RETAIL;  RETURNS;  SALES;  SAVINGS;  SECURITIES;  SHARE PRICES;  SMALL BUSINESS;  STOCK EXCHANGE;  STOCK MARKET;  STOCK MARKETS;  STOCKS;  STRUCTURAL PROBLEMS;  TAX;  TAX BURDEN;  TAX COLLECTION;  TAX COLLECTIONS;  TAX RETURNS;  TAX REVENUES;  TELECOMMUNICATIONS;  TOTAL REVENUE;  TRADE DEFICIT;  TRADE FINANCING;  TRADE REFORMS;  TURNOVER;  WEAK CORPORATE GOVERNANCE;  WITHHOLDING TAX;  Report;  Rapport;  Informe; 

年份：

2011

出版地：

Washington,USA

语种：

English

摘要：

Real gross domestic product (GDP) grew at 6.7 percent in FY11, continuing the upward trend in growth after declining during FY06-09. This strong performance can be repeated in FY12 if exports continue to grow and if garment exports benefit from the agreement reached during the recent India-Bangladesh Summit, remittances continue to recover, and if investment is boosted by improved infrastructure services particularly power. Risks in the global economy can affect Bangladesh in several ways. The standard and poor (S&P) downgrade of US debt as well as the debt problems in the Euro Zone are affecting the international markets and renewing fears of another global slowdown. This time around, limited fiscal and monetary space in developed countries increases the chances of a protracted slowdown. If this slowdown occurs, it can affect Bangladesh's balance of payments through its impact on exports and remittances, put pressure on the exchange rate, increase economic uncertainty, and, in turn, weaken investment and growth. Domestic policies will also affect Bangladesh's economic prospects. A slow pace of reforms in the investment climate can affect domestic and foreign investment, as can inadequacies in energy supply and the poor quality of roads. The reversal of trade reforms as well as weakening of the financial sector can also affect export growth and investment. Expansionary macroeconomic policies could increase risks on the current account and make inflation management more difficult. Unlike in 2008, Bangladesh has insufficient policy space to cushion the impact of a second global slowdown through fiscal stimulus. packages and monetary easing. Rapid growth in subsidies, sustained high rate of growth of credit to the private sector as well as recourse to monetary financing of the fiscal deficit have led to the erosion of the fiscal and monetary policy space. Much improved fiscal and monetary discipline combined with stronger efforts to address the energy and infrastructure deficits will be critical for sustaining growth performance. Maintaining the long-established tradition of sound macroeconomic management will also be important.