In Bangladesh, despite the gradual rise in the investment-GDP ratio over the past three decades, private sector investment, in proportion to GDP, had remained stagnant for years even before the onset of Covid-19. The Covid-19 crisis intensified the problem.
Covid-19 deeply affected the labour market in Bangladesh. It intensified some of the existing challenges and brought about a new set of problems. A large number of people either lost employment or income and many are also experiencing intense job insecurity and uncertainty.
As the Covid-19 pandemic left a deep dent on the development trajectories of Bangladesh, the country must set its development priorities right in 2021. Bangladesh aims to achieve the stiff Sustainable Development Goals (SDGs) by 2030, and it aspires to become an upper-middle-income country by 2031.