Gen 201

economical Situation of Bangladesh

After an impressive ingathering execution of instrument for al some six years, the world

economy has entered a period of question due to a monetary turmoil

triggered by the supreme mortgage crisis in the United States of America

(USA). During 2002 to 2007, the world economic festering averaged

4.5percent per annum compared to 3 percent in the 1990s. The sudden

gloom in world economic prospects has come as a surprise in get word of the

persistent economic growth and stability. The crisis initially affected

advanced economies and indeed its contagion spread over emerging markets

and low-income countries, albeit, in vary degrees. Advanced economies

were first hit mainly by the general banking crisis in the USA and Europe.

Emerging markets with well-developed financial systems were initially

affected, in most cases, by cross-border financial linkages through capital

flows, stock market investors, and supplant rates. In less-developed

countries, the growth and trade experienced major setbacks. The World

Economic Outlook of April 2008 projects global growth to slow from 1.5

percent in 2008 to 3.9 percent in 2009 before recovering somewhat in 2010.

A year later, April 2009 issue of Outlook forecasts the global growth to

contract by 1.



3 percent in 2009, lowest invariably in last 60 years. The economy of

Bangladesh continue to build considerable resilience during FY2008-

09 despite the twin shocks arising from global recessions and the adverse

make of the consecutive floods and the cyclone-Sidar of the last fiscal year

(FY2007-08). The economy is estimated to have grown at a rate of 5.9

percent, slightly below the growth rate (6.2 percent) of FY2007-08. The key

feature of the economic performance during FY2008-09 is the strong

recovery in agriculture sector coupled with moderate growth in industry and

service sector. The impact of the ongoing global financial crisis on...If you want to get a full essay, order it on our website: Ordercustompaper.com



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