Bangladesh's imports have rebounded by 3.53% year-on-year to $32 billion in the first half of FY 2024-25, marking a recovery after two years of decline due to higher demand for consumer goods and industrial raw materials linked to rising exports. This growth was particularly strong in December 2024, with a 30% increase in imports. Economic recovery is supported by improved remittances and exports, despite previous declines caused by a foreign exchange crisis stemming from rising global prices post-Russia-Ukraine war. While the import of industrial raw materials for export-oriented industries has increased, domestic market-oriented industries have slowed. Despite an overall positive trend, LC openings for capital machinery showed a significant 33% decline, indicating ongoing issues with investment. Economists view the increase in imports as a sign of improved business confidence and economic conditions but stress the need for strong reserve management and financial stability for sustained growth. (ICE NEW DELHI)

Fonte notizia: The Daily Star