Bangladesh economy shows signs of gradual recovery: MCCI

Business Desk :

Bangladesh’s economy is showing signs of a gradual recovery, though GDP growth remains under pressure, according to the latest review of Metropolitan Chamber of Commerce and Industry (MCCI) published on Wednesday for the third quarter (January to March) of the current fiscal year (FY25).

“Export earnings and remittance inflows are helping to stabilise the foreign exchange reserves and revitalise the rural economy – factors which are contributing positively to macroeconomic stability,” said MCCI, reports, BSS.

The chamber, however, observed that the brunt of the conflicting situation in the world can affect the social, political, and economic aspects of the globe, including Bangladesh.
The economy of Bangladesh continues to face multiple challenges amid elevated global uncertainty, according to experts.

According to the report, severe regulatory lapses in the banking sector and massive loan scams have delayed the recovery of the macroeconomy.
However, recent efforts to reform the banking sector and restore public confidence in financial institutions will be vital to reviving GDP growth.