The Metropolitan Chamber of Commerce and Industry (MCCI) in a review of the country's economic situation stated that the economy has been showing some signs of improvement with an increase of foreign exchange reserves and remittances since June 2024.
The country has witnessed massive mayhem in the backdrop of protests by students against the quotas in government jobs over the last few weeks which dealt a blow to people's normal life and business, according to MCCI’s review.
The MCCI highlighted issues such as smooth logistics, banking services, and security in industries needed to ensure a full revival of economic activities.
The government also needs to take more actions to stabilise foreign exchange reserves, manage inflation, enhance revenue earnings, ensure proper electricity and gas supply for economic activities, and protect small businesses, said the MCCI.
The unemployment situation and low investment are other challenges in the economy of Bangladesh, according to the MCCI review.
During the April-June quarter, the Bangladesh economy showed some signs of improvement with an increase in foreign exchange reserves and remittances in June 2024.