'Private consumption trails economic output as inflation hits households'
Bangladesh, Oct. 16 -- A latest IMF report suggests boosting household consumption and protecting vulnerable workers in Bangladesh to make economic growth more resilient as high inflation squeezes commoners' affordability in spending.Find Global Grants
In this regard, the International Monetary Fund (IMF) recommends that the country maintain tight monetary policy to contain inflation, strengthen weak financial sector and increase revenue collection for enhancing investment in public works.
The suggestions are laid in IMF's 'Regional Economic Outlook: Asia and Pacific' released Thursday under the title 'Resilience Amid Uncertainty: Can It Be Sustained?'
It notes that private consumption in Bangladesh has grown more slowly than economic...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.