Bangladesh’s economy is gradually recovering from recent political instability that stemmed from the Anti-Discrimination Students movement, according to the Metropolitan Chamber of Commerce and Industries (MCCI). In the first three months of FY ’25 (July-September), export earnings increased by 7.62 per cent, reaching US $ 11.66 billion compared to US $ 10.83 billion during the same period last fiscal year.
Conversely, export earnings in September 2024 rose by 15.27 per cent, reaching US $ 3.80 billion compared to US $ 3.30 billion in the same month of the previous fiscal year. However, this figure represents a decline of 5.78 per cent from the previous month, August 2024.
Notably, the country’s ready-made garment (RMG) sector, a crucial component of exports, also contributed significantly, as earning figures reflect a robust recovery despite ongoing challenges such as high inflation and reduced external demand.
As the Government addresses pressing issues, including restoring law and order, the improvement in export performance offers a glimmer of hope for sustaining economic growth.