Bangladesh’s economy, which has been slowly recovering from the impact of the Covid-19 pandemic, is now facing challenges from persistently high inflation rates. In recent months, inflation has soared close to 10%, putting pressure on the country’s economic stability.
The situation is further complicated by the recent resignation of Prime Minister Sheikh Hasina and the subsequent takeover by the military. This political turmoil could lead to further troubles for the economy, which is also grappling with issues of liquidity and foreign exchange reserves.
The high inflation rates are a cause for concern as they can erode purchasing power, increase costs for businesses, and ultimately slow down economic growth. This, combined with the political uncertainty, poses a significant threat to Bangladesh’s economic recovery efforts.
It is essential for the government and policymakers to address these challenges promptly and effectively to ensure the country’s economy can continue on its path to recovery. With the right measures in place, Bangladesh can overcome these obstacles and build a stronger, more resilient economy in the post-pandemic era.
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Video “Bangladesh: Economy in recovery mode post pandemic, but battling persistently high inflation” was uploaded on 08/07/2024 to Youtube Channel FRANCE 24 English