Bangladesh's economy is facing five major risks, with energy supply shortages topping the list, according to the World Economic Forum's (WEF) Global Risks Report 2024.
The report has identified the energy supply crunch as the foremost risk to the country’s economy as the shortage is causing fluctuations in industrial production and raises concerns about broader economic stability.
Concurrently, ongoing inflation is also creating economic uncertainty, the report stated.
Additional concerns include the potential for an economic downturn, persistent wealth and income inequality, and rising government debt and unemployment.
WEF presented the report on Wednesday prior to its annual meeting for the current year.
The report identifies both general areas of risk for the global economy and specific concerns for individual countries, including Bangladesh.
The WEF also offers short- and long-term assessments of global risks, providing insight into both immediate and emerging concerns.
Notably, the Centre for Policy Dialogue, a Bangladeshi think-tank participating in the WEF, conducted surveys of 71 companies to compile a separate risk list.
The list prioritises national security as a top challenge for Bangladesh, echoing similar concerns in Mongolia and Malaysia, ahead of current economic objectives.
