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Economy to rebound at the beginning of next calendar year: Tipu

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Economic Reporter :
Commerce Minister Tipu Munshi said on Thursday that the economy of the country would rebound at the beginning of the next calendar year overcoming the impacts of coronavirus pandemic.
“The pandemic has wreaked havoc on the economy of Bangladesh like other countries of the world. It has put serious impact on various sectors including on export. I hope the Corona crisis will come to an end at the end of this year while the country’s economy will rebound at the beginning of next year,” he said.
The Commerce Minister was addressing the Economic Reporters’ Forum (ERF) Workshop Series on COVID-19 and Bangladesh Economy titled “COVID-19? and International Trade Issues: Policy Option for Promoting Bangladesh’s Exports”.
ERF organized the workshop with the assistance of Research and Policy Integration for Development (RAPID) and the Asia Foundation.
Moderated by ERF General Secretary SM Rashidul Islam, Chairman of RAPID and Director of Policy Research Institute (PRI) Dr Mohammad Abdur Razzaque made the key-note presentation.
DCCI President Shams Mahmud and BUILD Chairman Abul Kashem Khan spoke as the guests of Honour. The Asia Foundation Country Representative Kazi Faisal Bin Seraj and Dhaka University Professor Dr M Abu Eusuf also spoke on the occasion.
The commerce minister said coronavirus has created crisis at one hand, on the other hand, it has also created immense possibilities.
“Many countries now want to reduce dependency on import from China while many countries are also thinking to invest in other countries after withdrawing their investment from China…….the US-China trade war has also created immense potentials for us. We’ll have to take steps fast to tap these potentials, otherwise we won’t be able to do it,”
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