The report also emphasizes that the closure of businesses, which are already struggling due to global economic issues, will worsen the situation.
"The curfews, the latest of which was lifted on Tuesday, have been reminiscent of the pandemic lockdown in terms of their economic consequences. If the situation in Bangladesh doesn't calm, and businesses are forced to shut for prolonged periods, we would expect similar drops in exports" said the report.
Moody's has also lowered its GDP growth forecast for Bangladesh this year from 5.4 percent to 5.1 per cent.
This story is from the August 13, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 13, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DELHI GOVT BANS PRODUCTION, SALE AND USE OF FIRECRACKERS TILL JAN 1
Gopal Rai said that the Environment Department will use drones to monitor air quality at pollution hotspots as part ofa 21-point plan to curb air pollution during the winter session.
Stolen bike, cartridges confiscated by Traffic Police, hunt on to nab accused
Delhi Traffic police during routine checking confiscated a bike in the West Delhi area, whose rider fled after seeing the police.
Indian Stocks Rise Despite Global Downturn
Indian stock indices rose on Monday, driven by domestic market strength and continued foreign portfolio investment, despite a global market downturn.
Deposit Growth In India Expected To Slow To 11.2 Pc YoY In 2025: Report
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
AAP DEMANDS LG VK SAXENA'S RESIGNATION AMID SURGE IN CRIME IN DELHI
The Aam Aadmi Party (AAP), led by Arvind Kejriwal, has called for the resignation of Delhi Lieutenant Governor VK Saxena, blaming him for the escalating crime in the national capital.
'Will oppose GST implemented on health insurance': AAP minister Atishi
Aam Aadmi Party leader and Delhi Minister Atishi on Monday said that if GST is implemented on research grants that institutes receive then the Delhi government and the Punjab government will strongly oppose it during the 54th meeting of the GST Council.
St Stephen's College challenges High Court order on admissions process
High Court's verdict involved two separate petitions filed by the seven students challenging the admission process at St. Stephen's College.
Interstate drug smuggling gang busted, 120 kg of marijuana seized
Based on intelligence and technical analysis, police received a tip-off about a large marijuana shipment arriving in Narela. During the search, officers uncovered six plastic bags containing 120kg of marijuana.
DHFL Bank Loan case: HC grants bail to Dheeraj Wadhawan on medical grounds
The Delhi High Court on Monday granted bail to Dheeraj Wadhwan on medical grounds in a CBI case.
High Court suspends sentence of former Congress MLA Asif Mohd. Khan
The Delhi High Court has suspended the sentence of former Congress MLA Asif Mohd. Khan. He was sentenced to 6 months imprisonment in a case of encroachment on DDA land.
