The MCCI has said the major macroeconomic indicators in the country are in a satisfactory position as the economy is rebounding from the Covid-19 shocks thanks to the time-befitting steps of the government alongside implementation of the stimulus packages.
The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said this on Friday in the Review of Economic Situation in Bangladesh, October-December 2021 (Q2 of FY22) prepared by the trade organisation.
Exports and imports are two important drivers of the economy, and amid the Covid pandemic, both the areas have done well, the MCCI said in the observation.
Robust export earnings have facilitated economic recovery in the recent time.
However, the inward remittances decreased, which has multiplier effects on other economic sectors, particularly the small and medium industries, it said.
The reserve of foreign currency is in a satisfactory position and the exchange rate has long remained stable.
On the other side, some of the economic indicators appear to be less promising than projected earlier, the trade body observed.
The rate of inflation increased in the quarter under review.
The fiscal framework continues to be weak in view of poor achievements, more specifically, both in terms of revenue mobilisation and public expenditure. Unemployment and low investment are also challenges, it added.
