23 May 2024
How taka’s drop ate away economic output per person
Bangladesh’s economic growth, measured in US dollars, has slowed due to the taka’s sharp depreciation against the greenback. While GDP and GNI per capita rose steadily in taka terms, their dollar values fluctuated, suggesting the currency’s devaluation has prevented the economy from fully realizing its growth potential. Restoring exchange rate stability is crucial for Bangladesh to maximize its economic gains. Star Digital Graphics