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The End of Bangladesh Economic Miracle [Video]

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Bangladesh News

The End of Bangladesh Economic Miracle

In February 2021, Bangladesh hit a significant milestone, meeting all three criteria for graduating from a least developed country (LDC) to a developing country – an achievement it replicated since 2018. The United Nations is looking at 2026 as Bangladesh’s graduation year, patting the nation on the back for its journey since gaining independence in 1971. Despite contending with natural disasters, tough conditions, and widespread corruption, Bangladesh has become a poster child for economic and social progress, earning labels like “Development Miracle” or “Development Labyrinth.” It’s not just a burgeoning developing market economy; the country has achieved self-sufficiency in food production for its 171 million people, with substantial strides in reducing poverty and elevating living standards.
However, the COVID-19 pandemic and subsequent Russia’s war in Ukraine have interrupted Bangladesh’s economic miracle. Soaring energy and food prices pulled a prank, blowing up the import bill and forcing the government to go knocking on doors, including the International Monetary Fund’s, asking for some financial TLC. In this video, we’ll be talking about the factors leading up to the end of Bangladesh’s economic miracle.

00:00-01:28 – Introduction
01:28-04:02 – The Rise and Resilience of Bangladesh’s Economy
04:02-05:40 – Exports as the Powerhouse of Bangladesh’s Economy
05:40-07:51 – Energy and the Power Struggle
07:51-08:43 – Bangladesh’s Remittance Landscape
08:43-10:21 – Bangladesh’s Economic Safety Net
10:21-11:31 – Conclusion

#bangladesh #economy #end

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