– South Asia taking the lead in GDP growth compared with East Asia
– Regional GDP growth was 6.8% and 7.1% in 2017 and 2018
– The growth of Bangladesh is expected to be maintained at 6.8% in 2017, expected to reach 6.4% in 2018
South Asia remains the fastest growing region in the world, with Bangladesh supporting its growth to 6.8% in 2017, gradually widening its lead over the region. 39 East Asia, according to a latest report by the World Bank.
South Asia's regional GDP growth is projected to increase from 6.7% in 2016 to 6.8% in 2017 and 7.1% in 2018, according to the report.
Bangladesh's economy, according to the WB report, has weathered global uncertainties, aided by increased investment and increased exports.
For Bangladesh, growth will be maintained at 6.8% in 2017, down slightly from 7.1% in 2016, which was the highest in the region and " Information deceleration and a shrinking budget deficit, "according to the report.
For the 2018 and 2019 fiscal years, Bangladesh's GDP growth is forecast at 6.4% and 6.7% respectively, according to the World Bank report.
Gaps in infrastructure and inadequate energy supply, combined with the high cost of doing business, remain the main obstacles to achieving the growth potential of Bangladesh.
Among the countries of South Asia, Nepal has experienced the worst, with an estimated growth of 0.6% in 2016. He said.
The country's economic activity is recovering however, its GDP growth is expected to fall to 6.0 percent this year due to increased agricultural production, increased availability Electricity and increased investment when earthquake reconstruction is accumulating, adds the report.
"Simulations on the impact of new hypothetical trade barriers show that South Asia is not only resistant to a potential increase in protectionism, but could even benefit from it under certain circumstances "Said Annette Dixon, vice president of South Asia Bank Region.