Pulack Ghatack

Economic crises have been exacerbating with emergence of spectre of a food crisis, for the hurricane Sidr has damaged crops in millions of acres of farmland in the country.
Since Bangladesh’s economy is heavily dependent on agriculture, the catastrophic cyclone would affect the GDP growth making the targeted 7 per cent GDP growth in this fiscal year a far cry.
Inflation that hit a record-high of 10.1 per cent in July, spurred by massive summer floods and higher global food prices, is likely to go up further. [Read more]