News Desk, bdnews24.com
Published: 2020-10-16 18:28:43 BdST
In the latest World Economic Outlook, the IMF forecasts a 4 percent growth in Bangladesh's per capita GDP in 2020 to $1,888.
Meanwhile, the per capita GDP in neighbouring India is expected to decline 10.5 percent to $1,877, a four-year low, as it experiences a sharp economic contraction triggered by the strict coronavirus lockdowns across the country.
Photo: Asif Mahmud Ove (File Photo)
However, IMF has forecast a sharp economic in India next year. In 2021, India’s per capita GDP is projected to grow by 8.2 percent to $2,030, compared to Bangladesh’s expected growth of 5.4 per cent to $1,990.
The GDP figure for both countries is at current prices.
Meanwhile, forecasts for the global economy were "somewhat less dire" as wealthy countries and China rebounded more quickly than expected from coronavirus lockdowns, the IMF said.
The global economy will return to growth of 5.2% in 2021, the IMF said, but the rebound will be slightly weaker than forecast in June, partly due to the extreme difficulties for many emerging markets and slowing reopening momentum as the virus continues to spread.
The forecasts reflect revised foreign exchange weightings for purchasing power parity that slightly increase the influence of advanced economies on global output.