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Hansel

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AT-Capital weekly report

shared by Hansel on 06 Apr 09 - Cached
  • We believe the ADB’s latest predictions are more credible and plausible - although it shows GDP in Bangladesh slower at 5.6% than the Bangladesh Government’s current official forecast of 6%, it is worth emphasizing that this still results in Bangladesh achieving the second fastest growth within Asia, and expanding more than India, a remarkable achievement in terms of economic resilience.
  • As noted by the World Bank, collapsing Global Trade demand in advanced economies has had serious implications for global trade, with 2009 expected to experience the first yearly decline in world trade volumes since 1982, the largest decline in 80 years.
  • The World Bank forecasts that remittance flows are estimated to have reached USD 305 billion in 2008, an increase of around 9 percent from 2007
    • Hansel
      Hansel on 06 Apr 09
       
      $305billion = Total remittance flow in the world
  • ...1 more annotation...
  • The CPD, in a recent report highlights:”Although overall exports have picked up again in January, 2009 (12 percent growth compared to January 2008), disaggregated figures of second quarter, FY 09 and January 2009 testify to the fact that global crisis have started to have an adverse impact on Bangladesh’s export-oriented sectors and has subjected it to higher volatility”. The government has said that it is considering the idea of expanding the existing cash subsidy scheme to another seven export items.
  • Hansel on 06 Apr 09
     
    AT Capital Weekly -- 05 April 2009
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