Global wars
in the Middle East and Russia’s invasion of Ukraine have dragged the world into
a prolonged economic recession, slashing demand for Bangladeshi ready-made
garments (RMG) in key markets.
Factory
owners struggle with crippling gas and power outages that disrupt production,
while high-interest bank loans choke their finances. As a result, nearly 500
factories have already shut down.
Against the
grim backdrop, experts said Bangladesh now stands little chance of hitting its
$1...
