Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.
The government should focus on restoring macroeconomic stability, containing inflation and keeping the foreign exchange market stable this year, economists said in a webinar today.
Bangladeshi consumers spend 70 percent more than international markets to buy imported and import substitute products due to high tariff protection, Policy Research Institute (PRI) says.
Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.
The government should focus on restoring macroeconomic stability, containing inflation and keeping the foreign exchange market stable this year, economists said in a webinar today.
Bangladeshi consumers spend 70 percent more than international markets to buy imported and import substitute products due to high tariff protection, Policy Research Institute (PRI) says.
