West cuts imports, BD heap clothes at stores: FT

Business Desk :
Clothing is piling up at warehouses in Bangladesh as consumers tighten belts in the United States (US), Europe, and other big markets, according to a report published in the Financial Times (FT).
Quoting the clothing manufacturers, the FT report also said that orders in the world’s largest ready-made garment (RMG) exporter after China had been slowing since July due to the war in Ukraine and sanctions on Russia, and their impact on inflation, interest rates, and mortgages across the world.