Says economist Zahid Hussain in an interview
The poverty trend emerging from valid comparisons with the previous rounds of HIES may or may not be different.
There has also been very little policy response to help out families at the bottom of the income ladder
The beginning of a new year is not just a moment for resolution. We are in a season that is about both reflecting on the past and looking forward to the future.
A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.
Nominal wage growth at the low skill level overall has fallen behind the headline inflation.
The current inflationary pressures are attributable largely to the rise in international commodity prices and the exchange rate depreciation, albeit to a relatively smaller extent. The latest data from the Bangladesh Bureau of Statistics show there was a spike in domestic consumption demand as well.
The growth estimate for fiscal 2021-22 appears directionally consistent with the high-frequency growth indicators such as exports, imports, private credit and revenue collections.