Zahid Hussain

Dr Zahid Hussain is a former lead economist of the World Bank’s Dhaka office

How is the economy doing?

The silver lining is that the economy isn’t falling apart

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Currency unleashed: Handle with care

This decision is a pragmatic step, regardless of whether it was motivated by the necessity of meeting IMF program conditions for the 4th and 5th disbursements

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Handle with care

With a flexible exchange rate, BB can now shift its focus toward domestic economic priorities such as inflation control, employment growth, and financial stability instead of continuously defending the currency

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Differentiating the FY26 budget

The interim government (IG) is set to present its FY26 budget on June 2. The anticipation is that their budget will depart from the past.

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Differentiating the FY26 budget

The interim government, unburdened by political motivations, has no need to seek popular acclaim

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Global trade dynamics amidst US–China tariff war

The bilateral trade in goods between the US and China faces the risk of being severed due to the imposition of steep tariffs

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US tariff war: Implications and strategies for Bangladesh

On April 2, 2025, US President Trump introduced sweeping reciprocal tariffs, effectively reversing nearly all US tariff liberalisation since the Great Depression of the 1930s.

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Implications and strategies for Bangladesh

The average US tariff surged from 2.5 percent to 20 percent with a single executive action

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July 7, 2024
July 7, 2024

Export data correction was long overdue

Bangladesh Bank’s latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress.

July 5, 2024
July 5, 2024

Making sense of revisions in balance of payments

Bangladesh Bank's latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress. The bottom line on persistent external imbalance remains pretty much the same but the composition is palpably different

June 6, 2024
June 6, 2024

Budget falls short of what was needed

The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.

June 5, 2024
June 5, 2024

A post-election defining moment

The economy has been in a rough patch since 2022 like never before in the past decade and a half

April 23, 2024
April 23, 2024

Fifty years of learning from rises and slips in the Bangladesh economy

We are hubristically living through our ecological implosion.

February 19, 2024
February 19, 2024

Inflation’s obduracy reflects the inadequacies of the policy response

The spike in inflation from 9.41 percent in December to 9.86 percent in January was driven entirely by the rise in non-food inflation.

January 30, 2024
January 30, 2024

Labour market in a low gear

Bangladesh has delivered decent economic growth relative to the rest of the globe braving the coronavirus pandemic, supply chain disruptions, successive wars and macroeconomic stress. However, labour market recovery since the pandemic has been anemic. There are lingering concerns about growth lacking the shine of good jobs.

January 17, 2024
January 17, 2024

Short on actions

Even though the challenges are pointed out in the MPS, they fall short of measures to yield visible results

January 11, 2024
January 11, 2024

Making the economy breathe easier

The Bangladesh economy has entered 2024 with acute cost-of-living pressures, external payment imbalances, shortage of dollar liquidity, elevated illicit capital outflows, and vulnerable balance sheets in several, not all, bank and non-bank financial institutions.

December 31, 2023
December 31, 2023

Time ripe to own up to weaknesses

The Bangladesh economy faced extended economic distress after recovering partially from the pandemic before facing the cost-of-living increases and external payment imbalances. Economic activity slowed in 2023 with persistently high inflation and erosion of external buffers.