Bangladesh economy has been facing several challenges in the backdrop of global political and economic crises.
Centre for Policy Dialogue (CPD) said this in a report titled State of the Bangladesh Economy in FY22, the third reading, which was released on Sunday in its Dhanmondi office.
In the context of high inflationary pressure, deficits in trade and current account, exchange rate volatility, and pressure on foreign exchange reserves, macroeconomic management will be more challenging than ever before, according to the report.
This will require prudent fiscal and monetary policies which will meet the demand for higher subsidies and incentives in a few critical areas, enhance domestic resource mobilisation, rationalise public expenditure to avoid unnecessary expenditures without dampening domestic demand, encourage private investment and ensure social protection to the poor, it added.
