On the back of a possibility of the Government coming out with another stimulus package consequent to the second wave of the coronavirus pandemic and the economy showing resilience to counter and come out of the economic downturn caused by the COVID-19 pandemic, Bangladesh hopes to achieve a 15 per cent growth in export earnings this fiscal.
Media reports claimed this while underlining that despite the Government lowering the target than that of the previous fiscal for the first time since 1971, Bangladesh’s export earnings suffered 17 per cent negative growth in the last financial year even as the export growth in 2018-19 was 10.5 per cent, while it was estimated at 12 per cent in the last fiscal, but coronavirus pandemic led the Government to revise it to a negative growth of 10 per cent.
As per data from the country’s Export Promotion Bureau (EPB), in 2019-20, the export earning was US $ 33,674.09 million compared to US $ 40,535.04 million in the previous fiscal, which effectively means export earnings in the last fiscal witnessed a 16.93 per cent negative growth.