Bangla macroeconomic policy response much better during COVID: Expert

The seminar was organised by the South Asian Network on Economic Modelling (SANEM).

Bangladesh was better than the United States, or even closer, with regards to unprecedented utilisation of core macro-policy instruments to respond to the pandemic-induced recession, fiscal stimulus, monetary policy easing, labour market and social protection policies, he claimed.

The medium-term projections for the 2022-2027 period for growth and inflation appear rather robust relative to its South Asian neighbours like Pakistan and Sri Lanka, he pointed out. Bangladesh is still comfortably placed with its foreign reserve compared to the two neighbours, said Bangladeshi media reports quoting Islam.

Fibre2Fashion News Desk (DS)