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DHAKA: Bangladesh's economic growth rate might come down to 4.8 per cent this fiscal from 6 per cent last year, the World Bank (WB) has said. The government has projected it to reach 6.5 per cent this year.

The bank feared that the global financial crisis would affect the country's main export earning readymade garments (RMG) sector and remittance inflow. “Impact of the crisis will be much more clear after the next three months,” the World Bank said and ask ed the government to chalk out contingency measures.

The WB warning came at a press briefing on 'Global Financial Crisis and its likely impact on Bangladesh' at its Dhaka office.

“We don't know what will happen in Christmas season. Three months from now, the picture may look very different. Bangladesh has to remain watchful, particularly the government, civil society and the media,” the Bank's lead economist Vinaya Swaroop said.

Finance adviser of the interim government AB Mirza Azizul Islam, however, rejected the WB projection, saying “I don't know how they made the estimate. However, I do not agree with them in any way.” - PTI

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