An Economic Plan for Mitigating COVID-19 Shocks in Bangladesh

6 Pages Posted: 8 Apr 2020

Date Written: March 31, 2020

Abstract

The world economy is facing an unprecedented economic slump because of the outbreak of coronavirus-2019 pandemic. Bangladesh is no exception in this crisis. Like many others, Bangladesh is also facing a risk of economic contraction. This unforeseen but truly exogenous COVID-19 shock is now interacting with already prevailing many economic woes of Bangladesh. Those include stagnant tax revenue, widening fiscal deficits, prohibitive liquidity and solvency crisis in the country’s financial system, a long depressed stock market, an overvalued exchange rate, and persistent and unsustainable current account deficits in the last few years. How does Bangladesh deal with these complex economic challenges? This note outlines an economic plan for overcoming economic shocks emanating from COVID-19 pandemic.

Keywords: COVID-19, Bangladesh, Monetary Policy, Liquidity, Fiscal Policy

JEL Classification: E51, E52, E62, F32

Suggested Citation

Rahman, Mizanur, An Economic Plan for Mitigating COVID-19 Shocks in Bangladesh (March 31, 2020). Available at SSRN: https://ssrn.com/abstract=3569519

Mizanur Rahman (Contact Author)

University of Dhaka ( email )

Department of Accounting & Information Systems
University of Dhaka
Dhaka, 1000
Bangladesh
+88 01817684202 (Phone)
+88 2 8615583 (Fax)

HOME PAGE: http://www.acmd.com.bd

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