Dhaka, March 25 -- The potential for a full-scale military confrontation involving the United States (US), Israel, and Iran casts a long, dark shadow over the Bangladeshi economy, one that promises to be far more destabilising than the 2022 Ukraine crisis. This time, the threat is existential because it targets the two pillars of our economic stability: global supply chains and remittances. A conflict in the Middle East would not only skyrocket energy and freight costs but could also displace millions of our migrant workers, who are the primary contributors to our foreign exchange reserves. A global recession, exacerbated by geopolitical volatility, carries the high probability of reducing exports, a vital engine of our economy, while sim...
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