Global financial crisis

The current global economy is experiencing slowdown and crisis. Stock markets around the world have been rocked by a massive crisis of confidence, stocks and shares dropped to the lowest level across the world in October.
Governments around the world have taken packages over the last month totalling more than three trillion dollars, including loan guarantees and cash injections to restore confidence in the financial system and reverse a sharp slowdown in economy.
In Bangladesh our economic structure is so vulnerable that a little economic impact will cause great dislocations. Bangladesh may face a significant impact of the current global recession if the crisis continues for a long period.
Global slowdown in the leading economies is likely to adversely affect export of our readymade garments and knitwear products. Because there will be no demand in the developed countries. Remittance receipts from overseas will be less because there will be job cuts.
Foreign Direct Investment FDI may slow down due to global uncertainty.
To resolve the problems both the public and private sectors should monitor the global economic situation regularly and take necessary measures.