Wednesday, February 20, 2019 | ePaper

AL to win by majority, says EIU report

  • Print
UNB, Dhaka :
The ruling Awami League would return to power with majority of parliamentary seats in the upcoming parliamentary election principally due to the fact that it has overseen solid economic growth, according to a forecast in the country report on Bangladesh by the London-based Economic Intelligence Unit (EIU).
It also forecasts that the country's economic growth would remain robust and real GDP will grow by an average of 7.7% per year in 2018/19-2022/23, bolstered by strong increases
in private consumption and gross fixed investment.
The report also specifically mentions the reputation of Prime Minister Sheikh Hasina as being the key factor in election. It states that Sheikh Hasina remains the most popular candidate, according to numerous local opinion polls. It adds that that the country's impressive record of economic growth and socio-economic development under the Awami League administration, coupled with a lack of an effective opposition election campaign, will be enough to fend off any challenge posed by BNP or Jatiya Oikyafront more broadly.
The report adds that a win for Awami League will be important in sustaining foreign investment, and will also support the administration's drive to expand and deepen private sector participation in the economy.
Following such a win, Bangladesh is expected to continue to exploit its strategically important location on the Bay of Bengal to extract concessions and economic assistance from India, China and Japan, said the report.
But Bangladesh's relations with Myanmar will remain tense in the medium term owing to the Rohingya refugee crisis which will remain severe, at least in the early part of the forecast period, it added. The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders.

More News For this Category

JnU BCL body dissolved

Staff Reporter :Bangladesh Chhatra League (BCL) on Tuesday dissolved its Jagannath University (JnU) unit committee following series of factional clashes on the campus.Golam Rabbani, general secretary of BCL central

 Prayers for  divine blessings

Prayers for divine blessings

Staff Reporter :The second part of Biswas Ijtema, one of the largest congregations in the world, ended with Akheri Munajat (concluding prayer) on the bank of river Turag in

Move to improve business climate

Kazi Zahidul Hasan :The government has undertaken a slew of initiatives to deal with the stagnant state of private investment and to improve business climate.Experts earlier identified the stagnant

US states sue Trump over border wall emergency

US states sue Trump over border wall emergency

AFP  :Sixteen US states sued President Donald Trump's administration Monday over his decision to declare a national emergency to fund a wall on the southern border with Mexico, saying

Book-lovers want science fictions

Rayhanul Islam :As rain scare goes, the book-lovers on Tuesday crowded in the Ekushey Book Fair. Most of them were youths who looked for books on science fictions. But

4-tier security for 21 Feb

4-tier security for 21 Feb

Staff Reporter :Dhaka Metropolitan Police (DMP) Commissioner Asaduzzaman Miah on Tuesday said a four-tier security measures had been taken at Central Shaheed Minar and its adjacent areas ahead of

7 injured in gas cylinder blast

UNB, Khagrachhari :At least seven people including a couple sustained burn injuries from an explosion at a gas cylinder shop at Khobongpuria village in Sadar upazila early Tuesday.Among them,

2 siblings get life term for murder

UNB, Kishoreganj :A court here on Tuesday sentenced two siblings to life imprisonment for killing a man in 2012.The convicts are Akkas and Tara Mia, sons of Abed Ali

Report put on hold for the sake of probe: Minister

UNB, Dhaka :Finance Minister AHM Mustafa Kamal on Tuesday told Parliament that the probe report of the Dr Farashuddin-led committee on the reserve heist of Bangladesh Bank is not

Bar, Bench must be vocal against all irregularities: CJ

Staff Reporter :Chief Justice Syed Mahmud Hossain on Tuesday said, "The life of a lawyer is never smooth. He needs devotion, timeliness, patience, honesty, hard work and continuous study