Wage Growth and Inflation Gap hits 10-year high
Wage growth in Bangladesh has experienced a slight dip after 30 consecutive monthsof increases, according to new data from the Bangladesh Bureau of Statistics (BBS). This decline marks a…
Browsing Tag
economy
Bangladesh’s Economy Experiences a Significant Downturn in July
In July, Bangladesh's economy experienced a severe downturn, according to the latest Purchasing Managers' Index (PMI). The PMI dropped sharply by 27 points from the previous month, falling…
Bangladesh’s Purchasing Managers’ Index Falls in July
The Purchasing Managers’ Index (PMI) for Bangladesh fell dramatically in July, dropping 27 points to a concerning 36.9, according to the Metropolitan Chamber of Commerce and Industry…
S&P: Political Instability Poses New Threats to Bangladesh’s Economy
Bangladesh's economy faces new risks due to ongoing political volatility, according to S&P Global Ratings. The American credit rating agency reported that the country's sovereign…
Bangladesh set to become the 20th largest economy by 2038
As per the recent projections from the Centre for Economics and Business Research (CEBR), Bangladesh is set to become the 20th largest global economy by 2038. This ascent is driven by…
Bangladesh Bank Eliminates Minimum Deposit Interest Rate On Deposits
The Bangladesh Bank reportedlyhas recently revised its regulations on interest rates for term deposits and lending in banks. Previously, in August 2021, the central bank mandated a minimum…
‘Global Innovation Index 2023’ Ranking : Bangladesh Drops Three Positions
Bangladesh has seen a decline in its global innovation standing, slipping three notches in the 2023 Global Innovation Index (GII) compared to the previous year. The report, released by the…
31 Countries, Including Bangladesh, Gain Access to Russian Currency Market
Russia has authorized trading on its currency and derivatives markets for more than 30 friendly and neutral countries, as well as their associated banks and brokers. The information was…
The number of Credit Cards Increased by 14% YoY in April 2023 In Bangladesh
Credit card popularity is slowly rising as issuance of credit cards saw another YoY double-digit growth. The number of issued credit cards as of April 2023 was 2.2 million which was 1.62…
The Global Economic Recession is here: IMF
The IMF has declared what we’ve all been afraid of since the start of the novel coronavirus. The recession of this decade is here. This is the first recession for many of the young adult…
