With the advancement of the pandemic, the citizens of Bangladesh are leaning more and more towards adopting Mobile Financial Service (MFS) as their method of money transfer, buying products and services, buying mobile balance and making bill payments.
Despite the depressing state of major indicators such as negative export-import growth; large revenue deficit; falling private sector investment; rising non-performing loans recorded in the last quarter of 2019
On March 25, 2020, Prime Minister Sheikh Hasina announced, in her address to the nation, that the government would provide an incentive package of Taka 5,000 crore for export-oriented industries.
The recent outbreak of Covid-19 is an unprecedented global issue, leading many to contemplate difficult questions that are plaguing all of humanity.
The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected—economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
What will the impact of Covid-19 be on the Bangladesh economy? Overall, it seems inevitable that the GDP gains that were expected to be realised in the current fiscal year are likely to be wiped out.
The world economy is now on lockdown because of the global coronavirus pandemic. Governments and their central banks around the world are wasting no time in dealing with the health and economic implications of this crisis.
Nothing is more useful than water. Ironically, hardly anything can be obtained in exchange for water.
Bangladesh is well-known around the globe for its many achievements. Rapid economic progress, exceptional exports growth, universal primary education, elimination of poverty and bold strides in addressing income inequality.
Bangladesh has not become the second largest exporter of apparel because of media spotlight. Bad press affects us, but does not kill us, as we know how to rise from the ashes. Negative publicity may dampen, but does not annihilate us as we are far stronger than expected.
President Barak Obama's speech at the seventy first session of the United Nations General Assembly on September 20, 2016 carries great significance.
Economics has long held a reputation of being an inaccessible social science. We are daunted by its intricacies, technicalities and ambiguities.
With Japan's economy struggling to escape its deflationary torpor, the economic-revitalisation plan that Prime Minister Shinzo Abe launched in 2012 has come under growing scrutiny.
The world economy is a more equal place for the average individual today than it was in 1980. This is partly thanks to a series of strong leaders, such as those in China since Deng Xiaoping, and in India since Rajiv Gandhi.
The bankruptcy of public pension funds is an issue worldwide. According to a recent study conducted by Allianz, pension
Countries that have managed to keep corruption, embezzlement and fraud under control have done so by adopting a three-pronged approach: the lawyer's approach, the economist's approach and the businessman's approach. It is the first - tougher new laws and tougher enforcement of existing laws - that is usually the topic of discussion in the media and other circles.
For meaningful comparisons among different countries with respect to their levels and trends in income inequality, we need comparable data.
In response to asymmetric shocks and divergences in productivity, there would have to be adjustments in the real (inflation-adjusted) exchange rate, meaning that prices in the eurozone periphery would have to fall relative to Germany and northern Europe.