The Bangladesh economy is facing pressure due to unprecedented political turmoil.

Since July 1, student protests in Bangladesh have caused Prime Minister Sheikh Hasina to flee to New Delhi by helicopter. These protests have severely affected the country’s economy, resulting in estimated losses of billions of dollars. As Nobel Laureate Muhammad Yunus prepares to lead an interim government in Dhaka, businesses are grappling with the aftermath of these unprecedented events. They are still determining what the future holds.

Prior to the events and violence last weekend, Zaved Akhtar, the president of the Foreign Investors Chamber of Commerce and Industry (FICCI), stated that the Bangladeshi economy had incurred losses of $10 billion due to the student protests, curfews, and communication blackouts.

According to a report from Reuters on Wednesday, some garment factories in a South Asian nation have reopened after being closed for four days. However, there are concerns about potential trade damage, as at least one Indian clothing producer in Bangladesh announced plans to shift its production to India for the remainder of the year, as reported by Reuters.

Photo : Reuters