Madam Khaleda Zia , Fakhrul Islam and BNP-JAMAT supporters should read this .
----- Forwarded Message -----
From: modasser khosseine <bolonhome@hotmail.com>
To: Khabor News <khabor@yahoogroups.com>; ALAPON NEWS <alapon@yahoogroups.com>
Sent: Thursday, February 9, 2012 1:20 PM
Subject: [KHABOR] Bangladesh Economy is a Star in the World Economy, says UN Experts
From: modasser khosseine <bolonhome@hotmail.com>
To: Khabor News <khabor@yahoogroups.com>; ALAPON NEWS <alapon@yahoogroups.com>
Sent: Thursday, February 9, 2012 1:20 PM
Subject: [KHABOR] Bangladesh Economy is a Star in the World Economy, says UN Experts
Bangladesh Economy is a Star in the World Economy, says UN Experts
Dr. Rob Vos, Director UN Department of Economic and Social Affairs (UN-DESA) while presenting the Annual Report on world economic situation stated that while economies of the developed countries of Euro zone and North America are teetering on the brink of another major downturn, few developing economies namely that of China and India and low income country like Bangladesh are maintaining high growth rates and higher per capita income growth in 2011. Their growth is expected to remain robust; growth in China is projected to slow below 9% in 2012-2013, while India is expected to grow by between 7.7 and 7.9 per cent. However, among the least developed countries (LDCs), Bangladesh economy is maintaining a high growth rate over 6% and is expected to maintain its high growth rate in 2012 despite the global slowdown. It is a 'rising star' of economic growth and fiscal discipline.
The average GDP growth rate in developed countries went down from 3.0% in 2006 to (-) 4 % in 2009 and then bounced back to 2% in 2011 will continue to maintain an average of 2% or slightly below 2% in 2012 and 2013. The LDCs that had an average 7% GDP growth rate in 2006 went down to 5.3% on average in 2009 and further declined to 5% in 2011 may maintain 5.2% in 2012 and 5.4% in 2013. The transition economies that had an average 8.1% GDP growth rate in 2006 went down to (-) 7% in 2009 and bounced back to 4% in 2011 and is expected to maintain same growth rate during 2012 and 2013. The developing countries that had an average 7% GDP growth rate in 2006 went down to 3% in 2009 and bounced back to 6% in 2011 is likely to maintain 6% or slightly below 6% in 2012 and 2013. However, Bangladesh economy which had 6.4% GDP growth rate in 2006 went down to 5.7% in 2009 and then increased to 6.6% in 2011 and is expected grow 6.7% and 7% in 2012 and 2013 respectively in spite of global financial challenges. Thus comparative to rest of the economies Bangladesh is doing very good in terms of economic management and growth, he added.
The report further states that global job crisis, recovery of world trade, volatility of commodity prices, fragalities in the international financial markets and financing for development, uncertainties and risks, are the major challenges for the global policy makers. Although inflation is not a major concern for the developed countries, however, it is a major concern for the developing countries, it added. It recommends more stimulus financing, non-austerity programs, redesigning macroeconomic policies for job growth and sustainable development, addressing international financial market, commodity price and exchange rate volatility. It also recommended more development financing for achieving sustainable development. The meeting was chaired by President of the ECOSOC United Ambassador Milos Koterec of Slovakia.
__._,_.___
