Bangladesh must implement decisive measures to rectify its structural vulnerabilities, governance deficiencies, and external dependencies.
Prevent exploitation by traffickers, create economic opportunities at home
Reopen closed factories, settle workers’ dues
How have local private sector businesses fared in recent years?
There is no certainty that the economic aspects won’t deteriorate further.
Although the reforms have just started, some positive results are already visible.
The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.
Given the current economic reality of Bangladesh, recovering stolen assets must be a top priority for the interim government.
There are many hurdles to overcome in the coming days
Punish wilful defaulters before banks’ health further deteriorates
Bangladesh must embrace change for a sustainable development
The economy is losing momentum. Inflation remains stubborn. Bangladesh is facing deterioration in external buffers, with official reserves falling to $20.18 billion as of January 10, less than half their historic peak in 2021. The currency shock is lingering.
Bangladesh is now in the depths of both economic and political crises.
Latest figures show how persistent the problem has been
Unless a holistic approach is taken, the sector will continue to fall short of international standards.
The R&D allocation is too meagre for an economy like Bangladesh
Political instability is hurting our already fragile economy.
Most of the macroeconomic indicators of Bangladesh have been in bad shape for the last several months owing to external and internal factors, intensifying people’s suffering as consumer prices surged to record levels.
Investing more in research and development vital for future economic growth