Saturday 23 September 2017
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thefinancialexpress
1 months ago

Trade deficit widens 46 per cent, current account in red

Bangladeshand#39;s merchandise trade deficit with the rest of the world widened 46.62 per cent in the past fiscal, leaving its current-account balance in the red. Bangladesh Bank released Wednesday an update on the countryand#39;s balance of payments (BoP) which revealed such state of this macroeconomic indicator. It showed that the trade deficit hit $9.47 billion in FY17 in a climb from $6.46 billion in FY16. Slower growth in export earnings, around 1.73 per cent, alongside greater growth of 9.0 per cent

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