Dr Zahid Hussain is a former lead economist of the World Bank’s Dhaka office
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
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
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.
The interim government, unburdened by political motivations, has no need to seek popular acclaim
The bilateral trade in goods between the US and China faces the risk of being severed due to the imposition of steep tariffs
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.
The average US tariff surged from 2.5 percent to 20 percent with a single executive action
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.
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
The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.
The economy has been in a rough patch since 2022 like never before in the past decade and a half
We are hubristically living through our ecological implosion.
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.
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.
Even though the challenges are pointed out in the MPS, they fall short of measures to yield visible results
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.
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.