Bangladesh’s economy buckled, but it did not break. However, challenges remain.

There is anecdotal evidence that investment is taking place to upgrade operations to meet the demands of international customers.

Today, we have 1.2 billion people in 111 developing countries, who live in acute multi-dimensional poverty.

The Asian Infrastructure Investment Bank has become the first multilateral lender to respond to Bangladesh’s call for budget support this fiscal year to weather the impacts of the Ukraine war after its board approved $250 million last week.

“It’s going to get ugly, the recession,” and there will be “a financial crisis,” Roubini said.

Bangladesh needs proper macroeconomic management to avoid middle income trap

The global economy is mired in a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation likely over the coming year, according to Reuters polls of hundreds of economists worldwide.