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.
Abdul Wahab, a security guard at an ATM booth of a private bank in the capital, works 16 hours a day.
Bangladesh is expected to get about $6 billion over the next four years from development partners other than the International Monetary Fund to meet the development financing needs, particularly to address climate change challenges.
As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.
It bears remembering that, as recently as the second half of 2021, the Federal Reserve considered that the surge in consumer price inflation would dissipate, with price increases returning to the Fed’s 2 per cent target in 2022. In testimony before Congress, Fed Chair Jerome Powell affixed the now infamous “transitory” moniker to the ongoing price increases, which he ascribed to temporary supply bottlenecks and price declines in the early stages of the pandemic.
Why cut back on public food distribution programmes when they are needed the most?
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
Due to government interventions, the independent oversight of the Bangladesh Energy Regulatory Commission is being compromised, crippling its ability to ensure transparency in the sector, energy at a reasonable cost, and consumers’ interest protection.
We are told that taka is available, and then it’s not there anymore.
The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
