The fuel price hike has led to a significant rise in the cost of production and transportation that is further worsening the situation on the economic front, they said.
Global supply chain disruption is putting pressure on Bangladesh’s economy, according to expoerts, who say the country’s food security is under ‘threat’ due to high inflation. At a recent seminar in Dhaka, they said the disruption is not only raising the cost of energy and logistics, but also putting pressure on foreign exchange reserves.
They urged the government to take necessary precaution, keeping industrial production unharmed, so that the fallout is not too severe.
They also asked people not to panic much as the stress is temporary, stemming from sudden adversities like the pandemic and the war in Ukraine, according to Bangla media reports.
Energy, inflation, food security, logistics and financial sector emerged as the most stressed areas of the economy, DCCI president Rizwan Rahman said.
Fibre2Fashion News Desk (DS)