1 million Bangladeshis may become moderately poor, and half a million could slip into extreme poverty due to 9.6% inflation.
1 million Bangladeshis may become moderately poor, earning less than $3.65 daily, and half a million could slip into extreme poverty due to 9.6% inflation, affecting consumption and private investment. The World Bank report links these poverty increases to weak private consumption, high inflation, and forex rationing. Bangladesh's extreme poverty rate is expected to rise from 4.9% to 5.1% between FY23 and FY24.
April 03, 2024
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