Economy at its lowest ebb in 10yrs: CPD

The independent thinktank said, a rift in the macroeconomic stability surfaced in the last fiscal because of revenue shortfall, problems in the banking sector, and pressure on the exchange rate of the Taka against Dollar.

Bangladesh’s macroeconomy is now in its most challenging position, said Debapriya Bhattacharya, a distinguished fellow of the CPD.

His comments came at the unveiling of the CPD’s report—State of Bangladesh Economy and the Budget Challenges—at the Cirdap auditorium in Dhaka.

Poor performance in revenue collection has hurt investment plan of the government, prompting it to go forloans at higher interest rate, Bhattacharya pointed out.

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