MCCI for taking decisive measures to address economic fallout
DHAKA, Oct 29, 2024 (BSS) – The Metropolitan Chamber of Commerce and Industry (MCCI) has laid emphasis on taking some decisive measures to address economic fallout.
The chamber has made the observation in its latest publication titled “Bangladesh’s Economy During FY2023-24 (FY24)”.
At the publication, the chamber also mentioned that issues such as smooth logistics, banking services and security in industries needed to be addressed to ensure revival of economic activities.
The government should take actions to overcome the rise in inflation, slowdown in external demand, weak remittance inflow, shortfall in revenue collection and slow public expenditure, depreciation of the Taka and a decline in foreign exchange reserves, it opined.
The government also needs to take more actions to stable foreign exchange reserves, manage inflation, enhance revenue earnings, ensure proper electricity and gas supply for economic activities, and protect small businesses, the chamber added.
After the fall of the Awami League government, the chamber observed that the interim government had taken over charges and it would take time to normalize the business activities.
The chamber informed that unemployment situation and low investment are other challenges.