Tag - Rising economic star

Bangladesh, ‘basket case’ to rising economic star

Bangladesh recently marked its 50th Victory Day and experts expressed that it has transformed itself from an economic "basket case" into one of the world's fastest-growing economies. Right after its creation, the newly-independent South Asian nation's economy was in crumbles as 80% of the population was living in extreme poverty. Bangladesh currently has the world's 37th largest economy with a GDP of over $409 billion (€362 billion). The forecasts suggest that the size of the economy could double by 2030.