DHAKA, Oct. 23 (Xinhua) -- The International Monetary Fund (IMF) has forecast a 4.5-percent growth for Bangladesh's gross domestic product (GDP) in the current fiscal year, down from 6.6 percent forecast earlier.

The projection of the global lender came in its latest edition of the flagship World Economic Outlook. This is the lowest since fiscal 2019-20 (July 2019-June 2020) when the global coronavirus pandemic hit.

The Washington-based lender said this major reduction in growth comes after significant uncertainties around the political and economic outlook following the July-August political turmoil.

The World Bank in a report released earlier this month has forecast a 4 percent growth for Bangladesh's GDP in the current fiscal year, down from the 5.2 percent forecast earlier.

Last month, the Asian Development Bank also trimmed its growth outlook for Bangladesh, forecasting the economy to expand by 5.1 percent in the current fiscal 2024-25, down from its April projection of 6.6 percent. Enditem

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