With inflation edging towards double digits and quarterly GDP growth nearly halving year on year, pressure on consumers is mounting and experts are pointing at even darker clouds.
Government must address factors destabilising the kitchen market
Inflation followed by greedflation followed by shrinkflation – is there no way out of this trap?
Pursuing GDP growth at the expense of people’s well-being will bring it down.
The current low revenue base in Bangladesh could be further undermined by the measures taken in the budget for FY2023, including corporate tax cuts, American credit rating agency Fitch said in its latest report.
The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.
Puzzling positive developments in our economic indicators, which hardly delineate the real socioeconomic conditions of the people in Bangladesh, are not new phenomena.
Policymakers will find it tough to bring some sort of a balance between targets to ensure economic growth while containing inflation in the next fiscal year, economist Zahid Hussain said yesterday.
The Asian Development Bank (ADB) has forecasted that Bangladesh’s gross domestic product (GDP) would continue to maintain the similar strong growth at 6.9 percent this fiscal year (2021-22) as it did in the previous FY.
With inflation edging towards double digits and quarterly GDP growth nearly halving year on year, pressure on consumers is mounting and experts are pointing at even darker clouds.
Government must address factors destabilising the kitchen market
Inflation followed by greedflation followed by shrinkflation – is there no way out of this trap?
Pursuing GDP growth at the expense of people’s well-being will bring it down.
The current low revenue base in Bangladesh could be further undermined by the measures taken in the budget for FY2023, including corporate tax cuts, American credit rating agency Fitch said in its latest report.
The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.
Puzzling positive developments in our economic indicators, which hardly delineate the real socioeconomic conditions of the people in Bangladesh, are not new phenomena.
Policymakers will find it tough to bring some sort of a balance between targets to ensure economic growth while containing inflation in the next fiscal year, economist Zahid Hussain said yesterday.
The Asian Development Bank (ADB) has forecasted that Bangladesh’s gross domestic product (GDP) would continue to maintain the similar strong growth at 6.9 percent this fiscal year (2021-22) as it did in the previous FY.
