Accordingly, the budget deficit widened to 9.8 per cent of GDP in 2009 compared to the revised target of 7.0 per cent leading to an increase in the borrowing requirement. The end to the prolonged internal conflict and the restoration of peace provide greater optimism for economic prosperity and a strong basis for long-term sustainable development, supported by appropriate policies. Bangladesh 32.
A broad-based upturn is taking hold in Bangladesh, drawing strength from the multispeed global recovery and robust domestic demand that has been supported by resilient workers’ remittances and the fiscal stimulus. In fact, Bangladesh has been adequately resilient to external shocks, particularly to the adverse impact of the recent world recession.