The World Bank Sunday said Bangladesh was expected to achieve its growth target of 5.5 percent for the fiscal year ending June 30 with an upswing of major economic indicators.
"The projected 5.5 percent GDP growth for fiscal 2004 is very likely to be achieved," the bank's quarterly report released here said.
The Bangladeshi economy has seen rising growth, which clocked 5.3 percent in 2002-2003 and 4.4 percent the previous period.
The forecast for Bangladesh, one of the world's poorest countries, comes ahead of a World Bank-sponsored donors meet next month in Dhaka.
The report said exports increased 16.2 percent in the first seven months of the current fiscal, led by Bangladesh's key product, ready-made garments, which saw a growth in global demand.
Remittances in the seven-month timeframe also rose by 11.2 percent from the previous period to 680 million dollars, helping stabilise foreign exchange.
Inflation appeared to be declining, hitting 5.9 percent in January after a record high 6.5 percent in December.
Analysts say Bangladesh's economy has built a resilience to cope with unrest.
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