Bangladesh, like many other nations, has been impacted by the ongoing economic downturn brought on by the COVID-19 pandemic and the ongoing Russia-Ukraine war. However, there are a few reasons why the nation may be struggling to combat the recession;
Limited resources: Bangladesh is a developing country and may not have the same resources as more developed nations to deal with the economic recession. This can make it more difficult for the government to implement large-scale stimulus measures and other economic policies. Dependence on foreign markets: Bangladesh has a strong export-oriented economy and is heavily dependent on foreign markets. The global economic downturn has led to a decrease in demand for Bangladesh’s exports, which has had a negative impact on the country’s economy….read more