Salim Reza, Dhaka: Bangladesh’s economy faces five risks in the current year (2025) in a changing Bangladesh. The biggest risk is inflation. Besides, four other risk factors are extreme weather, environmental pollution, unemployment and economic downturn.
This information has been reported in a global report of the World Economic Forum (WEF) published recently.
According to the report, extreme weather, especially floods and high temperatures and pollution are blamed for the risks to the economies of South Asian countries in 2025. Bangladesh is one of the 10 countries at risk, with pollution cited as one of the top three risks.
It is said that Bangladesh and India are densely populated countries. Pollution control in both countries has become a major challenge in many cases. Pollution awareness is very important in transforming the green economy.
According to the WEF report, two other factors are very dangerous for the economy of Bangladesh. One is unemployment, the other is economic depression. Due to these two factors, Bangladesh is facing high inflation, currency devaluation, deficit in foreign exchange reserves, slow growth in trade and investment.
It also said that the average rate of inflation in Bangladesh in 2024 was 10.34 percent. The previous year i.e. in 2023 it was 9.48 percent. According to Bangladesh Bureau of Statistics (BBS), average inflation in 2022 was 7.7 percent.
According to the report, state-based armed conflict may become the biggest risk to the world, surpassing other concerns in recent years, including climate, social and economic.
WEF conducts Executive Opinion Survey (EOS) to identify key country-specific risks. It is basically a conceptual survey. The survey asked participants, ‘What are the biggest challenges for your country in the next two years?’ Participants were given a list of 34 risks. From there they identified five main risks.
However, the World Bank estimates that the GDP growth will drop to 4.1 percent in the current financial year 2024-25.
The recently released World Bank’s ‘Global Economic Prospectus’ report has given a new forecast of GDP growth. It is said that the economic activities in Bangladesh have suffered due to political unrest since the middle of last year. Investors’ confidence has declined. Economic growth forecasts have been lowered due to such conditions and policy uncertainty.
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