Persistent high inflation, high debt burden and slow economic growth are the three challenges facing the economy, noted economist Debapriya Bhattacharya said yesterday.

Persistent inflation, a snowballing debt burden and slow economic growth are the three challenges to Bangladesh, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD)

The test of a country’s stability is to what extent it can remain insensitive to any sort of change of government or leadership.

We are hubristically living through our ecological implosion.

The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.

The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.

Banks situated in countries facing elevated climate risk demonstrate diminished levels of financial stability.

Government must do everything to ensure the safety and well-being of migrant workers

A roadmap on economic policy changes is vital for the private sector since it can help them predict the future, plan accordingly and avoid shocks that may stem from a sudden shift in government strategies, said economists and entrepreneurs yesterday.

The country’s overall macroeconomic situation is improving on the back of rising exports and remittances, Finance Minister Abul Hassan Mahmood Ali said yesterday.

Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.

The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation

The government has prepared a roadmap to maintain economic stability, an issue that will pose a challenge to the new government, Finance Minister AHM Mustafa Kamal said.

The verdict so far is that the year will see slow GDP growth but also experience lower inflation.

To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.

Job creation, good governance that will ensure stability, are expected from the new govt, says a top business leader

With the facade of the elections at its height, prevailing financial issues seem to have faded into the background.

The present government started its journey at a time when the global economic environment was conducive to growth and low inflation. Food prices had stabilised after the global food crisis of 2007-08. Interest rates were lowered globally in response to the global economic crisis of 2008.

Businesses in Bangladesh will face challenges in managing the impacts of higher inflation and exchange rate in 2024 as well while the cost of production and operation may increase amid the rising bank interest, several business and corporate leaders warn

The income inequality between the rich and the poor has surged to a level that the country is witnessing two economic systems, which go against the spirit of the Liberation War, said the CPD