Metropolitan Chamber of Commerce and Industry (MCCI) made the observations in its second quarter review of the current fiscal year on Bangladesh economy, where most of the economic indicators were facing uncomfortable ride amid a gloomy global economy. “During July-December of the current fiscal year, agriculture, manufacturing and services sectors - all performed well, but continuous government support of various types will be needed to sustain their growth,” said the MCCI. However, infrastructure deficits and gas and power supply problems along with faulty transmission capacity were now undermining the performance of all productive sectors of the economy, the chamber added. While remittances have kept on increasing, exchange rate remained stable and foreign exchange reserves rose to a comfortable level, it said. In addition, the government would need to improve the country’s road, river and rail infrastructure, develop port facilities, increase power and gas production, and remove other infrastructure bottlenecks, the chamber added in its review.

Source: Dhaka Tribune April 13, 2020 17:15 UTC