Zahid Hussain

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

Where are we heading?

By bringing down a despotic leviathan, the anti-discrimination student movement has earned the moral authority to be spokespersons for the whole nation

3m ago

Rebooting the economy

The crackdown on the nonviolent uprise of the students and the subsequent one thing leading to another chain of events locked down the economy, only figuratively reminiscent of the pandemic in 2020

3m ago

Not much beyond lip service

In their Monetary Policy Statement (MPS) for the first half of FY25, Bangladesh Bank (BB) has stuck to the policy stance already in place. 

4m ago

Not much beyond lip service 

Let’s begin with the central question to gauge what more this MPS could have done to increase the potency of monetary policy in restoring macro-financial stability. 

4m ago

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.

4m ago

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

4m ago

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

5m ago

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

We are hubristically living through our ecological implosion.

7m ago
May 15, 2022
May 15, 2022

Pressure on foreign exchange market likely to continue

The current inflationary pressures are attributable largely to the rise in international commodity prices and the exchange rate depreciation, albeit to a relatively smaller extent. The latest data from the Bangladesh Bureau of Statistics show there was a spike in domestic consumption demand as well.

May 11, 2022
May 11, 2022

Prosperity without clarity

The growth estimate for fiscal 2021-22 appears directionally consistent with the high-frequency growth indicators such as exports, imports, private credit and revenue collections.

May 1, 2022
May 1, 2022

Tribute to Muhith: Epitome of optimism

Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.

March 22, 2022
March 22, 2022

Inflation: more to come

Inflation is rising in Bangladesh as it is in several advanced and emerging economies. Increased headline inflation in February was driven by a spike in food inflation. The 12-month moving average inflation has been on an upward trend since the November 2019 to October 2020 period.

March 3, 2022
March 3, 2022

No one immune from the impact of Russia-Ukraine conflict

The economic damage from supply disruptions triggered by the confluence of events around the Russian invasion of Ukraine would be severe in some countries and industries and less so in others depending on the depth and breadth of economic ties,

February 9, 2022
February 9, 2022

Spike in GDP growth: hard to fathom

There was no doubt that the growth in gross domestic product (GDP) in FY21 was better than the growth in FY20 even though the pandemic was present with all its ferocity in both years.

January 9, 2022
January 9, 2022

No growth in real wages

The Bangladesh Bureau of Statistics (BBS) data provides a somewhat mixed picture on how labour is benefitting from the ongoing economic recovery in Bangladesh.

December 27, 2021
December 27, 2021

Rising inflation creates a trilemma

Consumer price growth has spiked, driven by non-food inflation which is approaching 7 per cent. Inflation in Bangladesh is catching up with global trends. As in the case of the rest of the world, cost-push has been the most important driver which in turn came from increases in energy prices. 

November 2, 2021
November 2, 2021

Gain some, lose some

Timely revisions to data on GDP and its components determine the accuracy of national accounts estimates and their comparability across countries.

October 24, 2021
October 24, 2021

Harnessing potential gains from outward FDI

Corporate Bangladesh is increasingly demanding the easing of draconian restrictions on outward foreign direct investment (OFDI) as they seek to diversify earnings. Indeed, OFDI can yield financial, intangible capability, and tangible capacity returns, thus complementing the development benefits realised through trade, migration and inward FDI.