Our data shows economic pressures and polycrisis have been growing especially since Covid.
Among the 78 lakh people, 38 lakh have become extremely poor
Inflation refuses to budge. Part of the reason may be honest disclosure of what the data is saying.
Rises to over 11% for second time this year
Bangladesh's economy faces instability, inflation, and political unrest hindering growth.
Inflation rises to 10.87 percent in October from 9.92 percent in September
Persistent inflation driven by high commodity, energy prices and currency depreciation
Grocery shelves are not clearing as quickly for fast-moving consumer goods (FMCG), while many are switching to mini-packs of food and toiletries -- indicating that people are losing ground in their prolonged battle against inflation.
When Sheuly Akhter and her friend entered a branch of Star Kabab in Dhanmondi on Thursday last week, marking their return to the establishment for the first time in nearly four months, they were surprised by the lack of customers.
Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.
The government is going to unveil a Tk 7,61,785 crore budget for the next fiscal year on Thursday, setting containment of high inflation as a major target.
Even though poor people are struggling to make ends meet amid runaway inflation, the government allocation for social safety net programmes may not increase much in the next fiscal year.
The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.
The private investment-to-GDP ratio in Bangladesh declined in the current fiscal year owing to a lower confidence among investors amid the persisting dollar crisis and global uncertainty, higher inflation and a fall in demand for goods in international markets.
Reforms following the IMF prescription should not harm disadvantaged groups
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
Life insurance companies in Bangladesh have continued to put more than half of their investments in treasury bills and bonds in the absence of diversified investment opportunities, official figures showed.
“This is Mohammadpur, get off,” a child yelled out to the passengers of a leguna, otherwise known as human hauliers, which had reached the area as early as 7:00am.
Inflation dropped in rural areas in April from a month ago but went up in urban areas, data from the Bangladesh Bureau of Statistics (BBS) showed yesterday.
