Finance
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- Date Submitted: 11/07/2014 10:19 AM
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JULY 10, 2014
MACRO-ECONOMIC REVIEW: BANGLADESH
Government targets the GDP growth of 7.3% in the FY 2014-15, while GDP growth was 6.12% in the outgoing fiscal Exports showed resilience in tune with the growing Garments sector; marking 12.56% rise during JulyMay 2013-14 despite industrial disasters like the Rana Plaza building collapse Import growth started picking up, registered 18.08% in July-April 2013-14. Imports of capital machinery and food grain (rice & wheat) are on the rise Foreign exchange reserve crossed US$ 21 billion mark; high enough to settle import bills for more than six months Local currency against the US Dollar remained stable at BDT 77-78 Remittances registered negative growth for the 1 time in 13 years, recorded -3.55% during the 11 month of FY 2013-14, due to a shrinking outflow of migrant workers and falling receipts from Middle Eastern nations Inflation ticks a bit higher, 7.48% in May from 7.46% in April Bank borrowing by the government in June stood at BDT 254.14 billion against the revised target of BDT 299.82 billion Private sector credit growth rises to 11.9% in April 2014 which was 10.7% in February 2014; whereas the target was 16.5% Call money rate remained stable for quite a long time at around 7% Foreign Direct Investment reached US$ 1.7 billion, which was US$ 1.2 billion last year
st
Disclaimer: This document has been prepared by International Leasing Securities Limited (ILSL) for information only of its clients on the basis of
the publicly available information in the market and own research. This document has been prepared for information purpose only and does not solicit any action based on the material contained herein and should not be construed as an offer or solicitation to buy or sell or subscribe to any security. Neither ILSL nor any of its directors, shareholders, member of the management or employee represents or warrants expressly or impliedly that the...
research@ilslbd.com
JULY 10, 2014
MACRO-ECONOMIC REVIEW: BANGLADESH
Government targets the GDP growth of 7.3% in the FY 2014-15, while GDP growth was 6.12% in the outgoing fiscal Exports showed resilience in tune with the growing Garments sector; marking 12.56% rise during JulyMay 2013-14 despite industrial disasters like the Rana Plaza building collapse Import growth started picking up, registered 18.08% in July-April 2013-14. Imports of capital machinery and food grain (rice & wheat) are on the rise Foreign exchange reserve crossed US$ 21 billion mark; high enough to settle import bills for more than six months Local currency against the US Dollar remained stable at BDT 77-78 Remittances registered negative growth for the 1 time in 13 years, recorded -3.55% during the 11 month of FY 2013-14, due to a shrinking outflow of migrant workers and falling receipts from Middle Eastern nations Inflation ticks a bit higher, 7.48% in May from 7.46% in April Bank borrowing by the government in June stood at BDT 254.14 billion against the revised target of BDT 299.82 billion Private sector credit growth rises to 11.9% in April 2014 which was 10.7% in February 2014; whereas the target was 16.5% Call money rate remained stable for quite a long time at around 7% Foreign Direct Investment reached US$ 1.7 billion, which was US$ 1.2 billion last year
st
Disclaimer: This document has been prepared by International Leasing Securities Limited (ILSL) for information only of its clients on the basis of
the publicly available information in the market and own research. This document has been prepared for information purpose only and does not solicit any action based on the material contained herein and should not be construed as an offer or solicitation to buy or sell or subscribe to any security. Neither ILSL nor any of its directors, shareholders, member of the management or employee represents or warrants expressly or impliedly that the...