Economic outlook for South Asia: Bangladesh-India scenario
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Dhaka, Oct. 24 -- The 2020 Annual Meetings of World Bank Group (WBG) and International Monetary Fund (IMF) were held during the middle of this month conducted from Washington. The reports released prior to and during the meetings paint a very grim picture indicating that the pandemic has resulted in the largest global economic contraction of the last eight decades alluding to the 1930s Great Depression. The reports presented at the meeting further added that the pandemic is impacting all economies -- developing, emerging and developed; increasing global poverty along with increasing income and wealth and social inequities, damaging long term economic growth prospects with the consequents flow on effects on lives and livelihoods.
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