Impact of COVID-19 on the Economy of Bangladesh

Abstract

The study explores the impact of COVID-19 on the Bangladeshi economy. The researcher found that In Bangladesh, there were huge impacts of COVID-19 on various sector. There was a substantial impact on Readymade Garments Sector for spreading of corona virus diseases, losses of the RMG sector was gradually increasing in the COVID-19 pandemic, SME had also adversely effected by COVID-19, many enterprises closed their business activities during shutdown of industries for minimizing the spread of corona virus, Tourism sector also effect by the corona virus, lockdown of all cities provided restrictions on moving one city to another even one country to another, All the educational institutions closed during the pandemic, Capital market, Remittance, and GDP also fall down due to COVID-19. By seeing the before COVID-19 and during COVID-19 trends, the researcher concluded that there was a huge impact of COVID-19 on various sector. Government and Non-government institutions help people to fight this virus. We give some recommendations, which are given by researchers, policymakers, or international organizations. We do not know when this virus goes forever. We may live with this virus for a long term. We can minimize the impact of corona virus in our economy.