This shrinking consumer spending has raised macroeconomic concerns such as fall in production of consumer goods, which in turn may push up unemployment. Usually on holidays, there is rush of customer but it was almost zero last Friday,” Al Mamun told Dhaka Tribune. Not only the small markets, the fear of virus has also had a crippling impact on the country's posh shopping complex like Bashundhara City Shopping Complex. Turnover has almost halved and it is gradually declining,” Md Rashed Bhuiyan, a sales executive of Oppo at Bashundhara City Shopping Complex, told Dhaka Tribune. If there is a crash, it will hit the production capacity hard," former World Bank Dhaka office lead economist Dr Zahid Hussain told Dhaka Tribune.

Source: Dhaka Tribune March 15, 2020 08:48 UTC