Bangladeshi economy could grow by at least 7 percent in the current fiscal year (July 2007-June 2008) , said the central bank governor Wednesday, although he warned that the recent floods posed a challenge to meeting this goal.
"The policy strategy recently initiated and the reform programs undertaken by the government raised our hope that the economy could grow at least by 7 percent, though the recent flood which inundated a vast area of the country is one of the challenges facing us," Dr Salehuddin Ahmed was quoted by local newspaper The Daily Star.
According to him, another challenge to achieving such growth is inflationary pressure with the average inflation rate reaching 7.2 percent in June.
The Bangladeshi economy grew by 6.63 percent in the 2006-2007 fiscal year.
Source: Xinhua
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