Professional Documents
Culture Documents
The Novel Coronavirus Has A Major Impact and Changed The Economic Paths of Countries All Over The World
The Novel Coronavirus Has A Major Impact and Changed The Economic Paths of Countries All Over The World
The Novel Coronavirus Has A Major Impact and Changed The Economic Paths of Countries All Over The World
countries all over the world. It should not be surprising if the developing
countries like Bangladesh, India, and Pakistan would face the brunt of the
epidemic in terms of economic hardship. Even having rich economic position
like the United States is facing economic difficulties. While it is too early to
determine how Bangladesh's economy will respond to the problems and again it
is complicated that policymakers remain aware of the fundamental concerns so
that they can take initiates to avoid a severe economic crisis.
According to a news piece in the Bangla newspaper Prothom Alo on July 24,
2020, states about a surge in the premature withdrawal of National Savings
Schemes recently (NSS). Many savers, facing with declining salaries as a result
of the epidemic, may have felt compelled to withdraw their funds from the NSS.
Bangladesh issued Tk 57,805 crore in national savings certificates (NSCs)
between July 2019 and May 2020. NSCs were sold for Tk 46,794 crore within
the same time period. This demonstrates the current pandemic's negative
influence on Bangladesh's economy.