Bangladesh’s macroeconomic outlook is turning positive, with easing inflation, lower interest rates, and a stable exchange rate expected to revive consumption and investment. For the first time in years, all four key macro signals—inflation, interest rates, growth, and the exchange rate—are expected to align in the right direction, turning all signals green. These trends create a Goldilocks environment for equities, with earnings poised to rebound strongly by 2026, margins expanding, and valuations offering over 88% upside from current levels. Political clarity post-elections and returning foreign inflows add to the bullish case.

CAL Research