Bangladesh: building the future

Published 08 May 2023


Bangladesh’s economy remained resilient and continued its strong post-pandemic resurgence in 2022, but the medium-term outlook is uncertain due to global challenges. With the government investing in infrastructure projects, EBL Securities looks at the prospects for the industry as the country looks to build a stronger future. By EBL Securities Ltd, Bangladesh.

The long-term demand outlook for the Bangladeshi cement industry remains positive with higher

single- to double-digit growth forecast in the next 5-10 years (© Bashundara Cement)

Bangladesh, with its US$460bn economy, maintained a sustained economic growth rate of approximately six per cent over 10 years, until the COVID-19-led economic disruption triggered a global economic slowdown – and Bangladesh was no exception. Economic recovery was gaining momentum when the Russia-Ukraine conflict broke out in 2022, but Bangladesh remained resilient and continued its strong post-pandemic resurgence despite the odds.

The country’s economy was one of the few to sustain a positive growth rate in 2021 during COVID-19 (+6.94 per cent) and exhibited higher GDP growth of 7.1 per cent in 2022. However, global supply chain disruptions caused by the protracted Russia-Ukraine war continued to have spillover effects on the Bangladesh economy. Consequently, economic challenges emerged, such as higher inflationary pressures, exchange rate depreciation and forex reserve depletion.

To continue reading this story and get access to all News, Articles and Video sections of the CemNet.com website, please Register for a subscription to International Cement Review or Login