Dhaka, June 13 -- With government offices, banks, ports, factories, private institutions and retail outlets all shut for the 10-day Eid-ul-Azha holiday, economists and business leaders say the country has entered a state of economic stagnation.

A visit to several bustling wholesale and retail markets in the capital - typically alive with traders and buyers - reveals that normal trade and daily business activities are yet to resume.

Kawran Bazar, one of the largest wholesale hubs in Dhaka, remains stagnant even days after the holiday.

Traders report that supplies have only just started to arrive, but operations are far from normal.

"Supplies, from vegetables to other items, are only now beginning to come in. The city still has fewer pe...