The seminar was organised by the South Asian Network on Economic Modelling (SANEM).
The macroeconomic policy response in Bangladesh was much better during the pandemic compared to those in several developed nations, though many challenges were evolving into new ones, Iyanatul Islam, adjunct professor at the Griffith Asia Institute and former branch chief of the International Labour Organisation in Geneva, told a recent seminar in Dhaka.
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)