Pulack Ghatack

The United States’ financial turbulence and the subsequent turmoil in the developed world is expected to hit Bangladesh economy mildly but would hit the confidence in the prevailing economic system hard.
The International Monetary Fund has described the ongoing financial crisis as “the most dangerous shock to the financial sector since the 1930s” and said, “US may face a recession from the ongoing financial turbulence.”
However, experts are optimistic to rule out serious impact of global financial crisis in Bangladesh immediately but suggested more regulation on economy rather than pursuing free-marketism recklessly. [Read more]