Political Instability and Economic Challenges

Bangladesh is facing significant economic uncertainty following recent political upheaval, particularly after the toppling of the Sheikh Hasina government. The newly appointed central bank governor acknowledges the need for major changes as the country grapples with declining foreign reserves, rising inflation, and an overburdened banking system. Businesses, particularly in the garment sector, have suffered from factory shutdowns and disrupted supply chains, raising concerns about declining buyer confidence. With factories returning to operations, there is a palpable sense of urgency among manufacturers to meet order deadlines for the upcoming seasons, emphasizing the precarious state of the economy.