The impact of covid-19 on business in Bangladesh文献综述

 2022-01-06 21:11:08

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文献综述

Covid-19 pandemic is the biggest trouble for the century. Covid-19 has a Significant impact on business and economy all over the world. In terms of Bangladesh economy, it is no longer strange. Covid-19 is hampering business from January 2019 till date. Bangladeshs private business structure has been heavily damaged during this period of time. International economy is still facing the challenge. As long as the business environment is settled, it is expected that Bangladesh economy will make some progress as well. World Health Organization (WHO) has announced different kind of prevention strategies for people. This has an impact on economy, as various restriction came across the businesses, which hampered in productivity and communication. As a result, we can see changes in economic growth. Covid-19 has left a significant impact on the world economy, which will be seen in these current years in different businesses, in terms of profit generation and other aspects (Krishnamurthy, 2020). The centurys biggest natural disaster is Covid-19, which has a quite good impact on the subcontinent economy. If the solution (Vaccine) works as per it expected, Bangladesh will make an economic recovery in 2021 (Barua, 2020). Economy will take some time to recover, during the time period need to focus on the growing businesses to not to fall apart (Choi, 2020).After going through the previous research stuffs, we can find that everywhere it is mentioned about Covid-19 impact will create a challenge for business and economy. Bangladesh economy is going through the state.The economy of Bangladeshcould be adeveloping market economy. It's the 35thbiggestwithin theworld inostensibleterms, and 30thbiggestbyacquiringcontrolequality; it is classified among the Next Elevendevelopingshowcasecenterpayeconomies and awildernessadvertise.Within theto begin withquarter of 2019, Bangladesh's was the world's seventhquickestdevelopingeconomy with a rate of 7.3%genuineGDPyearlygrowth. Dhaka and Chittagong are thecentralmoney relatedcenters of thenation, beingdomesticto the Dhaka Stock Exchange and the Chittagong StockTrade. Themonetarysegmentof Bangladesh is themomentbiggestwithin theIndian subcontinent. Bangladesh is one of the world'sspeediestdevelopingeconomies. Within thedecade since 2004, Bangladeshfound the middle value ofa GDPdevelopmentof 6.5%, that has beengenerallydriven by itstradesofpreparedmadepieces of clothing,settlementsand theresidentialagrariansegment. Thenationhassought afterexport-oriented industry, with its keysend outsegmentsincorporatematerials, shipbuilding,angleandfish, jute andcalfskinproducts. It hastoocreatedself-sufficientbusinessesin pharmaceuticals, steel andnourishmenthandling. Bangladesh'smedia transmissionindustry hasseenquickdevelopmentover thelong time,acceptingtallspeculationfromoutsidecompanies. Bangladeshtoohassignificantsavesofcharacteristic gas and is Asia's seventhbiggestgasmaker.Seawardinvestigationexercisesareexpandingin itsoceanicdomainwithin theInletof Bengal. Itmoreoverhasexpansivestoresof limestone. The governmentadvancestheAdvancedBangladeshconspireasportionof itsendeavorstocreatethe country'sdevelopingdatainnovationsector. Bangladesh isdeliberatelycriticalfor the economies of Northeast India, Nepal and Bhutan, as Bangladeshi seaportsgiveoceanicget tofor these landlockeddistrictsand countries. ChinatooseesBangladesh as a potentialportalfor its landlocked southwest,countingTibet, Sichuan and Yunnan. As of 2020, Bangladesh's GDP per capitasalaryisassessedas per IMFinformationat US$5,139 (PPP) and US$2,064 (nominal). Bangladeshmay be apartof the D-8 Organization forFinancialParticipation, the South AsianAffiliationforTerritorialParticipation, theWorldwideFinancialFinance, the World Bank, the WorldExchangeOrganization and the AsianFrameworkVentureBank. The economy faces challenges offoundationbottlenecks, bureaucraticdebasement, and youth unemployment. In the post Covid-19 impact this is not going to be a very easy task but this is high time while Bangladesh should look into deep into its economy thus bring a nice prospect in the upcoming days.

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