Bangladesh economy shows early signs of recovery: WB
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DHAKA, April 12, 2021 (BSS) – Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program, says a new World Bank report.
The report titled “Bangladesh Development Update – Moving Forward: Connectivity and Logistics to strengthen Competitiveness,” was launched through a virtual media briefing today.
After being severely affected by the COVID 19 pandemic-which slowed growth and for the first time in two decades slightly reversed the poverty reduction trend-the economy is recovering gradually.
Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan chaired the launching session virtually today while senior economist of World Bank, Bangladesh Bernard James Haven and senior economist of World Bank Matias Herrera Dappe made two separate key-note presentations.
B’desh economy shows early signs of recovery amid uncertainties: WB
Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program.
The World Bank said it in its new report titled “Bangladesh Development Update- Moving Forward: Connectivity and Logistics to strengthen Competitiveness,” that was launched on Monday, reports UNB.
It said that after being severely affected by the COVID 19 pandemic-which slowed growth and for the first time in two decades reversed the poverty reduction trend-the economy is recovering gradually.
Over the first half of FY21, factories reopened and exports rebounded. However, the economy faces elevated risks in the context of the ongoing COVID-19 pandemic.
Bangladesh economy shows early signs of recovery amid uncertainties: WB
UNB
12th April, 2021 01:07:42
Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program.
The World Bank said it in its new report titled “Bangladesh Development Update- Moving Forward: Connectivity and Logistics to strengthen Competitiveness,” that was launched on Monday.
It said that after being severely affected by the COVID 19 pandemic which slowed growth and for the first time in two decades reversed the poverty reduction trend the economy is recovering gradually.
Over the first half of FY21, factories reopened and exports rebounded. However, the economy faces elevated risks in the context of the ongoing COVID-19 pandemic.
The Covid-19 pandemic has reversed Bangladesh's steady trend of poverty reduction which had continued over the past two decades, according to a new report of the World Bank. It also said 30 percent of the country's population was below the poverty line. The WB report said the government responded to the economic shock from the pandemic proactively, announcing a Covid-19
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