, May 21 -- Bangladesh's macroeconomy remains deeply fragile, battered by a Fitch rating downgrade, stubbornly high inflation, record low private credit growth, and a looming fiscal shortfall, the Policy Research Institute of Bangladesh (PRI) warned on Thursday, calling for sweeping productivity-enhancing reforms ahead of the national budget for fiscal year 2026-27.

Dr Ashikur Rahman, Principal Economist of PRI, revealed the grim picture of the economy while making the keynote presentation at an event to launch the institute's Monthly Macroeconomic Insights titled "Restoring Growth through Productivity Reforms: Pre-Budget Priorities" at the PRI conference room at Banani.

In a fresh blow to investor confidence, Fitch Ratings has revised ...