Bangladesh’s economy is showing signs of a gradual recovery, though GDP growth remains under pressure, Metropolitan Chamber of Commerce and Industry (MCCI) has said in their latest report.
“Export earnings and remittance inflows are helping to stabilise the foreign exchange reserves and revitalise the rural economy – factors which are contributing positively to macroeconomic stability” –MCCI said in its latest review revealed today (28 May) for the third quarter (January to March) of the current fiscal year (FY25).
The chamber, however, pointed out some regulatory issues, including banking sector, which undermine the recovery of the economy, saying, “Severe regulatory lapses in the banking sector and massive loan scams have delayed the recovery of the macroeconomy.”
“However, recent efforts to reform the banking sector and restore public confidence in financial institutions will be vital to reviving GDP growth”, the report said.
“The brunt of the conflicting situation in the world can affect the social, political, and economic aspects of the globe including Bangladesh. The economy of Bangladesh continues to face multiple challenges amid elevated global uncertainty”, the review report reads.