• Friday, Aug 07, 2020
  • Last Update : 09:37 pm

PM: Global economy on the brink of great depression due to Covid-19 pandemic

  • Published at 02:36 pm June 29th, 2020
PM-Hasina-PID-2
File photo: Prime Minister Sheikh Hasina addresses the parliament on Monday, June 29, 2020 PID

The prime minister made the remark during the general discussion on the proposed budget for the fiscal year 2020-2021 at the parliament on Monday

The global economy is on the verge of a great depression owing to the coronavirus pandemic, says Prime Minister Sheikh Hasina.

The prime minister made the remark during the general discussion on the proposed budget for the fiscal year 2020-2021 at the parliament on Monday, reports Bangla Tribune.

Hasina said: “The nation is going through a transition. This is not just a problem in Bangladesh, it is a global problem.

“The global economy is on the verge of a great depression. The International Monetary Fund (IMF) has forecast that the global economy will shrink by 4.9% in 2020.

“Several international organizations have said that due to the coronavirus pandemic, 195 million workers worldwide will lose their jobs, global FDI inflows will fall by 5%-15%, and global remittances will fall by 20%,” the prime minister said.

She said preparing the upcoming budget in this situation was a difficult and arduous task.

Thanking everyone involved in preparing the budget, the prime minister said they worked tirelessly to formulate the budget during the general holidays.

She wished forgiveness and peace for the souls of all the people who died of Covid-19.

Prime Minister Sheikh Hasina hoped that the countrymen and the people of the world would be freed from this deadly global pandemic and the patients would recover soon.


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