China’s growth to fall to 2.7% in 2022, its second slowest pace since 1970, in 2020, says World Bank report, amid zero post-COVID restrictions, asset market turmoil and Drought hits, in the form of production and investment. It predicted a rebound of 4.3% for 2023, but that is 0.9 percentage-point lower than its June forecast […]
The most worrying fact revealed in the report is that Bangladesh tops the South Asian countries in terms of families spending money in the field of education. It was also found that private educational institutions charge nine times more fees than government institutions. Private tuition was less popular earlier. This practice was completely absent in […]
Singapore’s economy is set to grow 3.8% in 2022, preliminary data showed on Tuesday, outpacing government expectations but slower than last year. The government’s official forecast for growth in 2022 was 3.5%, down from 7.6% in 2021. The gross domestic product (GDP) grew by 2.2% in October-December on a year-on-year basis, the Ministry of Trade […]
India’s current account deficit widened in the July-September quarter as higher commodity prices and a weaker rupee widened the country’s trade gap, Reserve Bank of India (RBI) data showed on Thursday. In absolute terms, the current account deficit (CAD) (INCURA=ECI) stood at $36.40 billion in Q2 of fiscal year 2022/23, the highest in more than […]
Air pollution caused 78,145 to 88,229 deaths that year, the World Bank estimated, with the capital Dhaka being the most polluted in the country. “Ambient air pollution puts everyone at risk, from children to the elderly,” said Dandon Chen, Acting Country Director for Bangladesh and Bhutan.
An American consulting firm has said in a study that Bangladesh is on track to emerge as a $1 trillion economy by 2040 with an average growth rate of 5 percent. According to the study released by Boston Consulting Group, the domestic consumer market is set to become the ninth largest consumer market in the […]
