{"id":3285,"date":"2019-01-15T17:36:32","date_gmt":"2019-01-15T11:36:32","guid":{"rendered":"http:\/\/lfmeab.org\/?p=3285"},"modified":"2019-01-15T17:36:32","modified_gmt":"2019-01-15T11:36:32","slug":"trade-deficit-amplifies-over-53-percent","status":"publish","type":"post","link":"https:\/\/flaxa.org.bd\/index.php\/2019\/01\/15\/trade-deficit-amplifies-over-53-percent\/","title":{"rendered":"Trade deficit amplifies over 53 percent"},"content":{"rendered":"<p>Balance of payments (BoP) is under pressures as country&#8217;s overall trade deficit amplified over 53 per cent by official count in the first 11 months of the just-concluded fiscal year (FY).<br \/>\nThe BoP glided into negative terrain as higher import payments far surpassed export receipts.<br \/>\nThe trade deficit rose to $9.46 billion during the July-May period of the FY 2014-15 from $6.18 billion in the same period of the previous fiscal, according to the central bank&#8217;s latest statistics.<br \/>\nThe imports grew 12.20 per cent to $37.23 billion during the 11 months against $33.18 billion in the corresponding period of the previous fiscal whereas the country\u2019s export earnings grew only 2.83 per cent to $27.76 billion during the last July-May period, against $27.00 billion in the corresponding period, according to the data showed by Bangladesh Bank.<br \/>\nThe country&#8217;s current-account balance entered the negative territory last September due to higher landed imports, recorded by the customs department, according to the Bangladesh Bank official data.<br \/>\nGap in services trade such as tourism, financial service and insurance stood at $4.29 billion during the period, which was $3.66 billion in the same period of the previous fiscal, as the country earned $2.81 billion in services trade during the first 11 months of the fiscal while payments on services surged to $7.10 billion during the period, from $6.52 billion in the same period of the previous fiscal.<br \/>\nThe overall balance of payments (BoP) came down to $3.59 billion during the period under review, from $4.97 billion in the corresponding period of FY 14.<br \/>\nNews &amp; Data Courtesy: Bangladesh Bank &amp; The Financial Express<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Balance of payments (BoP) is under pressures as country&#8217;s overall trade deficit amplified over 53&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-3","description-off"],"_links":{"self":[{"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/posts\/3285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/comments?post=3285"}],"version-history":[{"count":0,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/posts\/3285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/media?parent=3285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/categories?post=3285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flaxa.org.bd\/index.php\/wp-json\/wp\/v2\/tags?post=3285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}