Orthodox macroeconomic policies are having desired effects, with the exchange rate and the central bank’s stock of reserves stabilizing even as import restrictions have been lifted. Higher interest rates have had a dampening effect on economic activities, but very strong remittances have supported household consumption, while exports and public demand also contributed to growth. The economic recovery had started by summer, though pockets of weakness remain, particularly in private investment consumption.
How and why Bangladesh is both heir to a heritage and potential unique in the region. It is our time now
