The protracted Red Sea crisis may hurt Bangladesh's exports, stoke inflationary pressures, and delay the recovery of the economy. Bangladesh’s apparel sector is highly dependent on the route, as nearly 70 percent of the country's clothes are exported to European countries
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Bangladesh Bank makes money costlier to tame inflation Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The protracted Red Sea crisis has started to hit Bangladesh as the country’s international trade costs have risen, a development that may hurt exports, stoke inflationary pressures, and delay the recovery of the economy.