Businesses in Bangladesh will likely start recovering from the ongoing economic downturn after March 2024 if the inflationary pressure and US dollar crisis in the country are resolved.
Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.
Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.
The government should withdraw customs duties slapped on the imports of raw materials used in making sanitary napkins as the penetration of the basic hygiene product is low in Bangladesh due to higher prices, said a top executive.