The Effect of COVID-19 on Bangladesh’s Apparel Industry

The Covid-19 pandemic has had a profound impact on the supply chain and demand for the apparel sector. Top exporters like Bangladesh have started feeling the heat due to raw material sourcing challenges and cancelled orders. The performance of the RMG sector is more critical for an economy like Bangladesh, since apparel contributes 84% of the country’s export, employing close to 3.5 million people. While…

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Can Bangladesh’s Stimulus Package Stand against the impending Covid-19 Tsunami?

Bangladesh PM’s speech on the 25th was widely anticipated, owing to the onslaught of the Covid-19 induced health crisis and the resulting economic maelstrom. Citizens were keen on gauging the nature of the stimulus plan, expected to be unveiled during her speech. As a resource strapped emerging economy, the government has its fiscal limitations in implementing major interventions, but the unprecedented nature of the crisis requires…

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Bangladesh Economy at the Confluence of the Global Pandemic

The Corona Virus pandemic has been a ‘black swan’ event, particularly due to the extent and breadth of its impact. Starting in Wuhan, China, almost three months back, the virus has rapidly spread across the world in 180 plus countries infecting 351,198 and causing 13,361 deaths (as of 23rd March). The contagion effect of Covid-19 epidemic might not only bring about a health crisis, but will…

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Bangladesh in the Post-industrial World

Bangladesh’s economic performance, over the last decade, has garnered accolades from the international community, particularly from multilateral development agencies like the World Bank, which has portrayed Bangladesh as an exemplary case for economic development. From being termed a ‘basket case’, espoused by then US Secretary of State, Henry Kissinger in early 1970s; we have come quite far. Forging ahead of Pakistan and growing neck-to-neck with…

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RMG and Textile Sector: Emerging Trends and Challenges for 2018

Bangladesh’s RMG sector has been playing a pivotal in facilitating the country’s export earnings, contributing 83.4% of total export (source: EPB), apart for generating employment to the tune of 4.4 million, 80% of which are women. (Source: WB). Considering the sector’s importance to the country’s economic stability, ensuring steady growth for RMG export in the short to medium term, is a key policy imperative.  In…

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