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Half-Yearly Assessment of the Economy of Bangladesh

The economy is under pressure due to soaring imports of fuel and fertiliser, skyrocketing inflation levels, rise in budget deficit and government borrowing, increase in subsidies, falling foreign aid and currency reserve, sharp rise in import bills, declining export earnings and devaluation of the currency. If the challenges, sparked in recent times by the processes of deceleration of growth in real sectors and the pressures created by nominal variables, are not sorted out by the government on an urgent basis the national output may further contract in coming years with lagged effects. In other words, the gap between targeted and achieved growth rate might increase further in the coming years.

Different governments have taken a total of six five-year plans after independence. The main goals of these plans were to speed up economic growth, alleviate poverty and generate employment opportunities.