The economy might fall into a financial crisis and face a growth slowdown if the existing pace of higher current account deficit persists for three to five years, warned the Policy Research Institute of Bangladesh (PRI) yesterday.
Growth of Bangladesh’s factory output had slowed down last fiscal year of 2021-22, which analysts forecast was likely to prevail in the current fiscal year and could even be exacerbated by soaring prices, the global economic slowdown and ongoing gas and electricity crisis.
Bangladesh needs to improve the quality of infrastructures and services, raise the efficiency in the banking sector, train the workforce, lift competitiveness and ensure accountability in all spheres to advance to the next stage of economic development, economists said yesterday.
Bangladesh needs to improve the quality of infrastructures and services, raise the efficiency in the banking sector, train the workforce, lift competitiveness and ensure accountability in all spheres to advance to the next stage of economic development, economists said today.