What does their long term outlook look like?
Beyond 2030.
Lower middle income trap maybe? TBH there is very little work on BD economy. As harsh it might sound; no one really cares much about them. This is the reason you will find occasional anti-establishment Indian columnists hyping them up but no serious analysis on them or what their nation will be, like 20 years from now?
Their TFR is well below 2 and in another 8 years their population will start stagnating and yet their ECI rank is abysmally poor and their market is still heavily tariff protected. It is 2021 and they have one of the most tariff protected economy in the whole of developing Asia. But does anyone care? No! They are too busy celebrating their economic 'success'!
Their economic data is fudged on such a massive level that they do not even measure quarterly GDP! IMF and WB accuse them of manipulating GDP numbers. Apart from a bunch of Bloomberg columnists literally nobody takes their GDP numbers seriously! Does anybody care? No!
A fast developing economy starts delivering on many fronts. It starts innovating, conducts high end research works, diversifies industrial base to make the economy more and more risk averse. A growing economy establishes its own entertainment industry, educational institutions, churns out world class athletes and commercializes sports, extends soft power across the globe. What are the rankings of Bangladeshi universities? Where are their research papers? Where is their soft power? Where are their Olympic medals? Does the Bangladeshi Government care? No, not much. Do the people care? Idk.
A developing nation requires massive infrastructure upgradation. It needs freeways, subway systems, semi high speed/ high speed railways, new airports, massive townships, giant special economic zones and what not! Bangladeshi infra projects are fucked on so many different levels that I cannot even sum up. I still remember that discussion where folks here pointed out that per km cost of construction of a certain single track railway bridge over some river there was coming up to be more than those of Delhi-Meerut RRTS and Mumbai-Ahmedabad HSR. Does the BD Government even care? Who knows! Do the people even know? Nope!
Honestly Idk why we even discuss on their economy. If truly meaningful discussions are to be held then do it on Indonesia, Vietnam or Ph. If lessons are to be learnt then do it from the previous Asian tigers - Japan, Korea, Taiwan, PRC, Malaysia. Why even bring BD here?