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Bangladesh Stable But Turning to Gloomy
Bangladesh has done well by bringing the current account to balance and stabilizing the currency over the past year. However, (i) this was only achieved via a prolonged recession at home; (ii) the once-vibrant export economy is no longer booming, and (iii) with global oil prices on the rise, Bangladesh now faces the prospect of renewed external deficits and potential currency pressures.
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