Besides, 85% people are unsure or pessimistic about the country’s ability to recover from the economic shocks arising from the Covid-19. The survey titled “CES COVID-19 Consumer Pulse Survey” was conducted by Center for Enterprise and Society (CES), an initiative of University of Liberal Arts Bangladesh (ULAB). In addition, Eid spending will nose-dive sharply, with restaurants and hotels expected to be hardest hit. Beyond Eid, customer spending is expected to increase only for Pharmaceuticals and online learning, decrease for all else; and decrease the least for groceries, survey findings show. Online purchases, particularly for home entertainment, groceries, personal care products and reading materials are expected to grow, said the survey.

Source: Dhaka Tribune May 06, 2020 15:45 UTC