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Bangladesh's Economy At Risk Of Pandemic-Level Decline
The Business Guardian
|August 13, 2024
A recent report by Moody's warns that the ongoing curfews in Bangladesh could severely harm the country's economy, potentially bringing it back to levels seen during the pandemic.
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The report also emphasizes that the closure of businesses, which are already struggling due to global economic issues, will worsen the situation.
"The curfews, the latest of which was lifted on Tuesday, have been reminiscent of the pandemic lockdown in terms of their economic consequences. If the situation in Bangladesh doesn't calm, and businesses are forced to shut for prolonged periods, we would expect similar drops in exports" said the report.
Moody's has also lowered its GDP growth forecast for Bangladesh this year from 5.4 percent to 5.1 per cent.
Dit verhaal komt uit de August 13, 2024-editie van The Business Guardian.
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