Bangladesh Inflation Pushes Up to 10 Million Into Poverty

Rising living costs, dwindling savings and mounting household debt are adding to the country’s economic pressures….reports Asian Lite News Desk Persistent inflation has pushed an estimated 8 million to 10 million people in Bangladesh below the poverty line, as households struggle with rising living costs, dwindling savings and mounting debt, according to a new report. The report by Cyprus-based publication Traders Union cited Rashed Al Mahmud Titumir, the Prime Minister’s adviser on finance and planning, who said the country was navigating a critical economic transition amid high inflation, rising unemployment and weak private-sector investment. Titumir said the government had inherited … Continue reading Bangladesh Inflation Pushes Up to 10 Million Into Poverty