Dhaka, Aug. 31 -- Bangladesh's economy has returned to a state of stability, with economic activities improving compared to the fiscal year 2022-23, said Zahid Hussain, former lead economist at the World Bank's Dhaka office, on Saturday.

"Despite this progress, the condition of households has worsened-poverty and inequality are both on the rise," Zahid remarked while delivering the Moazzem Hossain Memorial Lecture organised by the Economic Reporters Forum (ERF) in Dhaka.

Moazzem Hossain, the late editor of the English daily The Financial Express, was also the founding president of the ERF.

According to Zahid, the renewed stability largely stems from the removal of actors who had previously fueled instability. "Money laundering has come...