Informative

Bangladesh Economic Crisis: Country Will Soon Suffer Similar Fate As Pakistan & Sri Lanka

Bangladesh Economic Crisis

Bangladesh Economic Crisis: Bangladesh is next in the queue behind Pakistan and Sri Lanka ready and set to face the economic crisis soon. The country’s foreign reserves are also at stake and it’s time the Bangladesh government should start monitoring preventive measures.

Bangladesh Economic Crisis: Rise in Inflation Rate

Bangladesh Economic Crisis: The officials from the country’s authorized departments have released a report that reveals that the annual inflation rate have increased to 8.78% in February. The inflation rate has hiked from 8.57% in January. The cause of inflation is directly related to the increase in the price of food and non-food items.

Bangladesh Economic Crisis: Cause

The country is suffering through a gradual hike in inflation rates due to the increment in the cost of materials like fuel and gas. The locals are facing unease in managing their expenses due to the increase in food and non-food items.

Food inflation jumped from 7.41% in January to 7.98% in February. Whereas, inflation in non-food items rose from 9.48 percent in January to 9.61% in February.

India vs Bangladesh: Inflation Rate Comparison 

Bangladesh Economic Crisis: It’s not relevant for all of us to understand the economic terms and so here we have a statistical representation of inflation rate of India and Bangladesh. The graphs will easily demonstrate the difference between the economic status of both countries. Inflation rate displays the economic strength of a country.

“The country with lower inflation rates have better economic health and the ones with high and increasing inflation rate have unstable and fragile economic condition.”

Bangladesh Economic Crisis

Source: Trading Economics

Bangladesh Economic Crisis

Source: Trading Economics

Bangladesh Economic Crisis: The difference in the graph outlines the economic status of the two countries. Its clearly visible that Bangladesh is facing great trouble due to increase in prices of materials. Thus, inflation rate hike might make Bangladesh suffer similar fate like Pakistan and Sri Lanka in economic terms.

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