For Bangladesh, 2020 began with plenty of cause for optimism against the backdrop of political stability coupled with a burgeoning economy. But a deadly virus, almost unheard of before the start of the year, quickly intensified into a full-blown pandemic that upended daily life in unprecedented ways.

The coronavirus pandemic brought the economy to its knees even before the first quarter of the fiscal year ended with numerous shutdowns and job losses painting a grim short-term outlook.

Although there have since been signs of a recovery in the final quarter, a second wave of the outbreak, which has already been trampling the country’s most important markets such as the US and Europe, still poses a grave threat. Bangladesh, therefore, is set to ring in the New Year with many of the same concerns from 2020.

https://bdnews24.com/economy/2020/12/30/2020-bangladesh-looks-to-turn-the-tide-after-pandemic-batters-economy