Dhaka, Dec. 15 -- Bangladesh's economy is currently in a 'deeply depressed' state, and fixing it will be the country's biggest challenge in the days ahead, said Investment Corporation of Bangladesh (ICB) Chairman Abu Ahmed on Monday.

"Right now, the economy is in a very depressed condition--this is not a sustainable way to run an economy. The biggest challenge for Bangladesh going forward will be to pull the economy out of depression," he said.

Speaking at the 12th ICSB National Award ceremony at a city hotel, Abu Ahmed said when he took charge of the state-owned ICB, the institution was in a fragile condition and still has to rely on government financial support to operate.

"This is not just the picture of ICB. The entire economy of B...