World Bank Economist on Prospects and Hurdles of Bangladesh Economy 2017

The Daily Star http://www.thedailystar.net is the largest English Daily in Bangladesh. This video tells the story of Challenges and opportunities of Bangladesh economy in 2017. World Bank Lead Economist Zahid Hussain shared his opinions on the economy review of 2016 as well as the prospects & hurdles of Bangladesh economy 2017 in this interview. Bangladesh should fix domestic challenges, bring in institutional reforms and focus on completing priority projects in 2017 to help the country take a quantum leap towards higher economic growth and meet emerging global challenges, said a top economist. Zahid Hussain, lead economist of the World Bank in Dhaka, said: “I think domestic challenges are bigger. If we can handle them properly then Bangladesh will be able to cope up with external uncertainties.” During an interview, the macroeconomist reflected upon the just-concluded year which was marked by uncertainties, unpredictability and sweeping changes in the world. “It was a mixed year for Bangladesh as in some areas it did better than expectations while some unprecedented and unexpected incidents took place.” The consistency in agriculture production and exports growth is noteworthy, he said. There was a lot of uncertainty in case of garment exports whether Bangladesh will be able to retain its market share and will be ahead of Vietnam in the US market. But the garment exports fared well in the US market compared to 2015 braving 15-16 percent duty. The economist said a sort of crisis that resembles the Great Depression of the 1930s is being formed now globally. The multilateral trading system will face a survival threat in 2017. Connect with The Daily Star Online Visit The Daily Star website: http://www.thedailystar.net Like The Daily Star on Facebook: https://www.facebook.com/dailystarnews/ Follow The Daily Star on Twitter: https://twitter.com/dailystarnews +1 The Daily Star on Google+: https://plus.google.com/+dailystarnews