Bangladesh economy 2022

Exports slip after 13 months

Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh’s main foreign currency earning sector.  

October 4, 2022
October 4, 2022

Three factors holding back economy

The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy. 

October 3, 2022
October 3, 2022

Exports slip after 13 months

Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh’s main foreign currency earning sector.  

October 3, 2022
October 3, 2022

Remittance lowest in seven months

Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 11 percent year-on-year to $1.54 billion in September, the lowest in seven months.

September 29, 2022
September 29, 2022

Economic growth momentum at risk for global volatility: BB

The economy faces multidimensional challenges as the volatile global scenario threatens to create an adverse situation for the growth momentum of Bangladesh, the central bank warned yesterday. 

September 26, 2022
September 26, 2022

Policy reforms needed to avert slowdown: WB

There are signs that Bangladesh’s stellar growth, which catapulted it among the 10 fastest growing economies over the past decade, may be losing steam soon unless critical reforms are undertaken to counter the decline, said a recent World Bank study.

September 5, 2022
September 5, 2022

July trade deficit far below FY22’s monthly average

Bangladesh’s trade deficit widened by 46.4 per cent year-on-year to $1.98 billion in July, but it was far below than the monthly average recorded in the last fiscal year, an encouraging sign for the economy.  

August 21, 2022
August 21, 2022

Bangladesh well-placed to ride out recession

Recessions don’t happen overnight, and people don’t stop spending from one day to the next.

August 16, 2022
August 16, 2022

Egg prices unlikely to cool off soon

The price of chicken eggs has risen substantially over the past week, piling even more pressure on general consumers who are already facing tough times due to the growing cost of living in Bangladesh.

August 12, 2022
August 12, 2022

Double whammy for small retailers

On Wednesday evening, Munaf Khan was sitting idle at his cash box in the clothing shop in the New Market area amid the emphatic sound of generators after the electricity went off since there were no customers. 

August 5, 2022
August 5, 2022

Wage growth falls to 7-year low in FY22

The wage growth in Bangladesh declined to a seven-year low of 6.06 per cent in the last fiscal year, highlighting the struggle low-paid workers are facing owing to the higher cost of living, official figures showed.