It is crucial for the interim government to focus on setting a strong foundation for future changes.
Returning to the previous economic model will inevitably bring back the same economic challenges.
However, the findings raised questions among economists, who were puzzled by the growth at a time when the economy had been facing a slowdown due to high inflation, a downtrend in export growth, and falling imports.
Persistent high inflation, high debt burden and slow economic growth are the three challenges facing the economy, noted economist Debapriya Bhattacharya said yesterday.
Persistent inflation, a snowballing debt burden and slow economic growth are the three challenges to Bangladesh, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD)
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
For the first time, there will be an Economic Partnership Agreement with a country with a major economy.
Bangladesh’s economy has been passing through a challenging time for the past two years amidst growing pressure on foreign exchange reserves, the sharp depreciation of the taka and an elevated level of inflation
Central bank should read the market, revise rules accordingly to ensure stability
IMF deal is further proof that economic reforms are badly needed
Bangladesh needs proper macroeconomic management to avoid middle income trap
Soaring oil and commodity prices have hit Bangladesh’s foreign exchange reserves significantly.
Despite significant progress, the country ranks 168th in the Ease of Doing Business Index out of 190 countries.
As an average millennial, what does the budget really mean to you? Terms, technicalities and jargon from the 343 chapters of the proposed budget are enough to send an average desk jockey into a tortuous-fuelled death spiral of confusion. This is why most reluctant millennials with no savings, or the capability to afford to own a home, remain unfazed by such fiscal highlights of the year. Unless, it disrupts the few pleasures they have in life.
The government is preparing the budget in a cautious way, refraining from increasing expenditure by too much of an extent, keeping in mind the ongoing global economic crisis stemming from the pandemic and Russia-Ukraine war, State Minister for Planning Shamsul Alam said.
The finance minister of Bangladesh is scheduled to place the national budget for 2022-23 fiscal year at parliament on June 9.
The current global political, economic and trade situations are not favourable for a developing country like Bangladesh.