Still struggling after five decades, Bangladesh has turned into a development paradox.
The golden rule of crony capitalism, in which profits are private but losses are social, has led to blatant injustice, as is generally recognised. The extra-market connections of crony capitalists facilitated transactional benefits while leading to entrenched market power, distorted competition, and depressed productivity growth, all contributing to growing inequalities. Yet, attempts to change the crony business model are facing their own dilemmas.
International Day of Happiness in Bangladesh: A cruel joke? Few find joy amidst daily struggles.
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
What started as a moment of hope—a chance to break free from the chains of authoritarian rule—has increasingly turned into a struggle for meaningful reform.
The Bangladesh economy saw its lowest quarterly growth in three-and-a-half years in the first quarter of the fiscal year on the back of political upheaval and severe flood in August.
Arrival of winter vegetables contributes to the decline
The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.
Our data shows economic pressures and polycrisis have been growing especially since Covid.
In a highly competitive market like the egg market, one would expect prices to remain stable. They can rise, but over time.
Will we hear yet another "eggcellent" proposal to import dub in order to force the local market to lower their price?
Should we be surprised that so many people view the growing concentration of wealth with suspicion, or that they believe the system is rigged?
Could the debt woes of Country Garden, the behemoth Chinese real-estate developer now facing billions of dollars in losses, augur the cycle’s next turn?
The obstacles to youth economic engagement are as multifaceted as they are complex.
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
Bangladesh’s preparation for LDC graduation would start in earnest with the International Monetary Fund’s 42-month loan programme, where one of the objectives is to overhaul the monetary and exchange rate policies to meet the needs of an open economy.
The International Monetary Fund would be watching the Bangladesh economy like a hawk, stipulating an extensive list of data reporting regularly as part of the conditions agreed upon for the $4.7 billion loan programme.
Start-ups in Bangladesh went through a tough time in 2022 owing to the uncertainty in the global economy, but gloomier days for them might not go away any time soon since the decline in global investments is set to linger.
2023 is already here and no doubt, the last three years have been rough for Bangladesh. It is almost as though a ship at sea navigating and making its way through rough waters during a storm.
