Although the reforms have just started, some positive results are already visible.
Their exhausting wait for subsidised essentials is quite telling
Govt must stabilise the economy, restore business confidence
In a nation where poverty remains a pressing issue, this relentless inflationary trend has thrust countless families to the precipice of financial instability.
Cooperative efforts, sound leadership vital going ahead
It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.
Returning to the previous economic model will inevitably bring back the same economic challenges.
Restoring trust in the banking sector is crucially important
Govt must prevent further disruptions, minimise damage
Economic reforms should not end here, though
How many times have we heard that customers will pay extra for more sustainable—recycled, in this case—products?
Online vigilance a must to protect citizens plagued by poverty and desperation
Tough measures needed to keep prices of essentials in check
PM's call to ministers is a timely one
Authorities must improve monitoring to keep the sector in check
The year 2023 was indeed one of the most difficult ones in the recent history of Bangladesh in terms of economic performance.
The present government started its journey at a time when the global economic environment was conducive to growth and low inflation. Food prices had stabilised after the global food crisis of 2007-08. Interest rates were lowered globally in response to the global economic crisis of 2008.