DHAKA, Feb 25, 2025 (BSS) - Metropolitan Chamber of Commerce and Industry (MCCI) has observed that the economy has been recovering gradually from political instability. 

In a report titled 'Review of Economic Situation in Bangladesh October-December 2024 (Q2 of FY25)', MCCI today mentioned that exports posted robust growth during the period as did the earnings from remittance inflows. The slide experienced by the foreign exchange reserves was halted, and the exchange rate of Bangladeshi Taka (BDT) against major currencies stabilized, although some volatility in the reserve position continues to persist.

Improved trade and current account balance, as also the overall balance of payments situation, allowed going for some de-restriction of import activities.

However, the economy is still facing substantial hurdles, including inflationary pressures, a shortfall in revenue collection, slow public spending, diminished job opportunities, a sluggish investment climate and the need to rebuild public confidence in the banking system. 

The Bangladesh Bank has maintained a tight monetary policy stance to curb inflation and stabilize the exchange rate. The central bank's efforts, along with the positive trends in exports and remittances, are expected to support the broader economic recovery in the coming months.

Restoring law and order is indeed a critical priority to create a stable environment for economic activities.