The reality is that using only the exchange rates without interest rate action will deepen the crisis.
Emerging markets and developing economies are expected to grow at the rate of 3.4 percent, maintaining the steady growth from 2022's expansion.
Far from being a year in which our economy recovered, 2022 proved to be a year where we discovered numerous cracks in it.
The total volume of non-performing loans (NPLs) has increased by more than three times in the last 10 years since 2012, according to a report of the Centre for Policy Dialogue (CPD) revealed today.
Even though the amount of our default loans is over Tk 130,000 crore, according to the government accounts, IMF suggests it is almost over Tk 300,000 crore.
Despite economic progress over time, Bangladesh’s financial sector continues to be dominated by banks that stand on shaky ground.
The government must implement economic policies that deal with the ongoing crisis
“It’s going to get ugly, the recession,” and there will be “a financial crisis,” Roubini said.
Interventions must involve fiscal policy to address our fundamental economic issues