Pandemic may trigger corporate, household debt defaults
Says ICC Bangladesh Star Business Report Star Business Report
The economic crisis stemming from the fallouts of the coronavirus pandemic is likely to trigger a series of corporate and household debt defaults, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh, yesterday.
Bangladesh has recorded one of the world s fastest growth rates in the past few years with a stable economic performance, reducing poverty and social inequalities, he told a virtual 25th annual council of the chamber s executive board.
Quoting a recent International Labour Organisation (ILO) report, Rahman said Bangladesh was now faced with battling both the pandemic and its economic fallouts.