Fitch Solutions cuts growth forecast for BD

Business Desk :
Fitch Solutions Group Ltd, an affiliate of Fitch Ratings, has cut Bangladesh’s growth forecast to 6.5 per cent for the next fiscal year. The projection is 1.2 percentage points lower than its previous forecast of 7.7 per cent.
“Growth is likely to slow due to the myriad headwinds facing the economy,” said Fitch Solutions. The revision from Fitch Solutions came after the Bangladesh Bureau of Statistics (BBS) released its latest data on the gross domestic product (GDP), which was rebased to FY2015-16 and provided new provisional figures for FY2021-22.