What is the cause of economic crisis in Bangladesh?
Why is Bangladesh facing an economic crisis?
These six factors include weather disturbances such as extreme heat waves, heavy rains, and unexpected floods; unethical business practices involving syndicates; hoarding; price fixing; artificial shortages; and more.
Additionally, poor corporate governance, a culture of willful loan defaults, fuel and electricity price hikes, and instances of over and under-invoicing (involving customs evasion and money laundering through false declarations on imports and exports) all play a significant role in exacerbating the economic challenges.