Dhaka: Observing that Bangladesh’s economy is stable but not certain, the World Bank on Tuesday forecast the country will post a 6.5 per cent GDP growth in the current fiscal year.

The WB came up with the projection in its latest Bangladesh Development Update, October 2015, although government is expecting a 7 per cent GDP growth in the fiscal year 2015-16.

Lead economist of World Bank’s Dhaka Office Zahid Hussain presented the report at a press conference at its office.

‘The near term political outlook is stable as is the outlook for international commodity prices. The growth in FY 16 is projected to be sustained at 6.5 per cent driven by stronger consumption and export growth,’ Zahid said.

He said the raise in wages of public servants is a stimulus for consumption sector as it is likely to add 0.9 percentage point to measure the growth.

The WB lead economist, however, thinks the government’s target of 7 per cent GDP growth is achievable if the private investments break away from the recent trap and the economy does not overheat during the remaining period.