Global Economy

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 
30 January 2023, 04:00 AM

Forex market continues to stay under pressure

Come January there won’t be any volatility in the foreign exchange market -- was the overarching message from the government in the past couple of months. January has arrived, and the situation is dicey as before.
5 January 2023, 01:45 AM

Slowing global economic growth increasingly evident: IMF

Global economic growth prospects are confronting a unique mix of headwinds, including Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains, according to the International Monetary Fund. 
16 November 2022, 06:05 AM

Nov 15 morning: Cabinet, Fardin murder, Momen, Student politics and School admissions

Good morning. If you’re waking to a horde of texts from last night — like General Secretary Obaidul Quader who complained about receiving night calls from Bangladesh Chhatra League — then catching up with the news can seem cumbersome. So, here are five quick things to know to start your day up-to-date.
15 November 2022, 03:43 AM

Global economic outlook even gloomier than projected: IMF

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
14 November 2022, 03:18 AM

How dollar became global reserve currency

The Second World War changed almost everything in the world. Or in short, we can also say that after WWII, the world changed in a way it had not changed for many years.
4 August 2022, 03:00 AM

UK’s 4-day work week trial called “life changing” but does it ensure productivity?

More than two years into the Covid-19 pandemic, many have burned out, lost their jobs, or are struggling to make ends meet as record inflation takes a toll on global economy.
2 August 2022, 13:11 PM

Surviving the economic crisis with sanity: warning satire ahead

The recent economic crisis has placed everyone on the edge of their seats. Citizens are worried about everything from power shortages to being unable to catch-up with the rising inflation. Hence, in these troubled times, RBR comes up with few solutions to minimise the scare and live a better life than expected.
20 July 2022, 09:44 AM

Bangladesh, India, Pakistan could lose 10-18% GDP output due to climate change

Bangladesh, India, Pakistan and Sri Lanka’s exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10-18% of GDP at risk – roughly triple that of North America and 10 times more than the least-affected region, Europe.
28 April 2022, 08:07 AM

Bangladesh urges trading partners for responsible business conduct

Bangladesh has urged its trading partners to practice responsible business conduct during the coronavirus pandemic that is rattling the global economy, mostly the developing countries.
4 June 2020, 04:53 AM

World Bank predicts solid 3.1 percent growth worldwide in 2018

The World Bank predicts that the global economy will grow 3.1 percent this year, which would be its best showing in seven years. The United States, the world's largest economy, is expected to receive a boost from the $1.5 trillion tax cut package Congress approved last month.
10 January 2018, 07:51 AM

Brexit heightens global economic risks, says G20

The UK's vote to leave the European Union adds to risks for the global economy, finance chiefs say at the G20 summit in China.
24 July 2016, 12:35 PM

Bangladesh may lose huge duty benefits

Bangladesh runs the risk of losing duty benefits on its annual exports of more than $3 billion to the UK, as Britons voted to leave the
24 June 2016, 18:00 PM

Global economy is 'urgent priority': G7

Pumping up the world economy is an "urgent priority" G7 leaders say, but left the door open for a go-your-own-way approach in a sign of lingering divisions over how to boost growth.
27 May 2016, 07:17 AM

Worried IMF cuts world growth forecast, warns over Brexit

The International Monetary Fund says the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should Britain quit the European Union.
12 April 2016, 14:26 PM

Bangladesh joins regional capacity development centre

Bangladesh is going to be the part of a joint initiative to establish a regional body in South Asia to enhance skills and capacity development of public sector officials and bankers.
12 March 2016, 06:46 AM

The US Election and the Global Economy

Big changes are underway in the United States, as the country gears up to elect a new president, one-third of the Senate, and the entire House of Representatives this November. The outcome will have profound consequences for US economic policy, and thus for the global economy.
1 March 2016, 18:00 PM

UK EU exit would be global economy 'shock' - G20 leaders

Finance ministers from the world's leading economies warn of a "shock" to the global economy if the UK leaves the EU.
27 February 2016, 10:45 AM

Russian economy hit by oil price slide

Russia's economy contracts by 3.7% in 2015, according to preliminary figures published by the country's statistics service.
25 January 2016, 13:20 PM

Fears for world economy wreak carnage on stocks and oil

World stock markets tumbles and oil plumbs new lows on Thursday as investors fear for the global economy on signs of a dramatic slowdown in powerhouse China.
7 January 2016, 12:08 PM