Description

The year 2020 began with doubts whether it would be possible to sustain socio-economic advancements attained during the last few years. The reason is the depressing state of major indicators such as negative export-import growth, large revenue deficit, falling private sector investment, rising non-performing loans (NPLs) recorded in the last quarter of 2019, and the impending fear of a global economic recession. However, the government was optimistic that the depressing trend of these indicators would be reversed and Bangladesh would have another great year - with respect to growth and poverty reduction. The optimism has, however, now been seriously dented with the severe onslaught of Covid-19. The pandemic which has crippled the economies across the globe has caused some serious repercussions in the economic condition of Bangladesh as well.