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Economy

Bangladesh sees economic ray of light as exports, remittances rise

Encouraging November data raises hopes for avoiding deeper South Asia crisis

Garment workers check shirt measurements at a factory in Gazipur, Bangladesh. Officials in the key sector are hopeful after better-than-expected exports in November.   © Reuters

DHAKA -- Rebounding exports and remittances have raised hopes that Bangladesh can avoid a more severe economic crisis, marking a rare positive turn in a South Asia region that has struggled badly this year.

Export earnings in November came to a record $5.092 billion, up 26% on the year and well above October's $4.356 billion, according to statistics released by the Export Promotion Bureau. The figure topped the previous all-time high -- $4.9 billion in December 2021 -- despite concern about the impact of a global economic slowdown.

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