S&P global ratings had recently lowered Bangladesh’s long term rating outlook and they said the country will see their annual growth from 6.0% to 6.4% within the period of 2024 till 2026. External liquidity position could deteriorate next year while foreign exchange reserves will still be under pressures.
Bangladesh’s GDP growth fell to 6.03% in last fiscal year and its dollar reserve have shrunk significantly since Russia’s invasion to Ukraine.
They added that the country needs more favorable trade and financial flows to stabilize its external settings in the next 12 months.
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