Dhaka, Oct. 15 -- To state the obvious, an economy at any point of time has three states of being in terms of its gross domestic product (GDP): moving forward, regressing backward and standing still. As is well known, the first is designated as growth, the second is marked by recession and the third defined as stagnation. All of these sobriquets are associated with three factors: growth in GDP, inflation and employment. The ideal goldilock situation is reached when growth in GDP is positive, unemployment registers a fall and inflation does not rise. Going by recent newspaper reports, Bangladesh economy appears so volatile that it defies being pigeonholed into any of the three for a good length of time. Just when the economy appears poised...
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