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Rohingya crisis

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  PM seeks OIC support to resolve Rohingya crisis Prime Minister Tarique Rahman today sought support from member states of the Organization of Islamic Cooperation to help resolve the Rohingya crisis. He made the appeal when ambassadors and high commissioners of OIC member countries stationed in Dhaka paid a courtesy call on him at his Cabinet Division office at the Bangladesh Secretariat this afternoon, according to Prime Minister’s Deputy Press Secretary Jahidul Islam Rony. During the meeting, the envoys congratulated Tarique Rahman on assuming office as Prime Minister. The OIC member states also reaffirmed their strong commitment to standing beside Bangladesh and strengthening bilateral cooperation in several sectors, including investment, trade, education, healthcare, textiles, and the pharmaceutical industry. Rony said the Prime Minister welcomed their remarks and, on behalf of the government and the people of Bangladesh, thanked the OIC countries for their continued support. T...
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GDP Growth Slows to 3% in Oct–Dec, Raising Concerns Amid Middle East Crisis

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GDP Growth Slows to 3% in Oct–Dec, Raising Concerns Amid Middle East Crisis

Bangladesh’s economic growth lost momentum in the second quarter of the current fiscal year, sparking concerns as global uncertainties intensify.

According to data released Tuesday by the Bangladesh Bureau of Statistics (BBS), GDP growth stood at 3.03% during the October–December period. This marks a notable decline from 4.96% recorded in the previous quarter (July–September), when growth was close to 5%.

The slowdown comes at a time when the global energy market has been disrupted by the Iran–Israel conflict that began in late February. The resulting fuel supply crisis has prompted many countries to adopt precautionary measures in fuel consumption, which could dampen economic activity worldwide—including in Bangladesh. Domestically, long queues at fuel stations reflect mounting pressure on supply.

What GDP Growth Means

GDP growth measures how much a country’s overall economic output has increased compared to a previous period. It is widely used as a key indicator of economic health.

GDP represents the total monetary value of all goods and services produced within a country over a specific timeframe, typically a year. Generally, higher GDP growth signals rising incomes and a more active economy. However, the benefits of this growth do not always reach everyone equally. Real development occurs only when its benefits reach all levels of society, especially those on low incomes.

Sector-wise Performance

BBS data also highlights varying performance across key sectors:

1. Industry: Growth slowed significantly to 1.27%, the lowest among all sectors

2. Agriculture: Recorded moderate growth of 3.68%

3. Services: Led with a growth rate of 4.45%

The overall GDP performance has traditionally depended heavily on the industrial sector, making its slowdown a key concern for the broader economy.

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