Smooth logistics, banking and security major issues now: MCCI
Unemployment and low investment are other challenges, MCCI said in a report
Smooth logistics, banking services and security in industries are the major issues that need to be addressed for revival of economic activities, said the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka.
In its review of the economic situation for the April-June quarter, the trade body also stressed the need for overcoming the other economic challenges that include rising inflation, a slowdown in external demand, weak remittance inflows, shortfalls in revenue collection, slow public expenditure, depreciation of taka, and a decline in foreign exchange reserves.
Additionally, issues of unemployment and low investment are other significant challenges, the MCCI said in the report published today.
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The report further said the interim government has already taken some decisive measures to address the economic fallout.
But more actions are needed to stabilise foreign exchange reserves, manage inflation, enhance revenue earnings, ensure proper electricity and gas supply for economic activities, and protect small businesses, the MCCI added.
The trade body further said that as the interim government has just taken charge after the recent protests by the Anti-discrimination Student Movement which led to the ouster of the Awami League government earlier this month, it would take time to normalise business activities.
