Growth: the world economy was close to a collapse due to the recent Global economic crisis. However, the global economy has turned around and recovered from recession faster than expected. The process and pace of recovery, however, varied in different regions of the world. In the recovery process, the developing Asian economies made remarkable strides. According to the latest forecast, the world economic growth is expected to reach 4.2 percent in 2010 whereas it shrank to 0.6 percent in 2009.our export posted a growth of 19 Percent in April 2010, (2) from available information, it is expected that Boro- aman will register growth and potato and maize will yield good Harvest. Other agricultural products including fish and meat are having Higher production, (3) private sector credit flows grew by 19.5 percent While industrial term loan recorded a growth of 42.5 percent
Export :while export of commodities and services had shrunk by 20.4 percent globally due to Economic downturn in 2009, Bangladesh managed to achieve a 10.3 percent growth in export. This is obviously
a commendable achievement for Bangladesh. Due to the global recession, export earnings have increased by Only 1 percent during July- April of fy2009-10. It is to be noted that Export earnings are on the rise since march 2010 and in April this has increased by 19 percent. I am optimistic that this trend will continue in the remaining months of current financial year as well as in the coming fiscal year.
Import: due to recession, prices of commodities in global market as well as volume of imports have declined. While imports shrank by 12 percent in the developed countries and by 8.4 percent in the emerging and developing economies, import growth of Bangladesh stood at 4.1 percent in 2008-09. In the first ten months i.e. up to April of Fy2009-10, import expenditure has increased by 0.8 percent compared to the corresponding period of the previous financial year. Import...
Please join StudyMode to read the full document