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Across the world, 215 countries are affected by the COVID-19 pandemic including Bangladesh. The lockdown in the form of general holidays in Bangladesh has slowed down the economic activities which have affected the country’s economy very adversely. This paper focused on analyzing the adverse effects of COVID-19 pandemic on some of the economic indicators as well as to make some recommendations that may help in formulating strategies for the policy makers. This descriptive study is based on secondary data from different local and international published sources. Many detrimental economic impacts of COVID-19 have been discussed in the paper including reduction in real GDP growth rate, reduced inflow of remittance till April 2020, adverse effect in tourism and aviation industry etc. The study also found some of the governmental initiatives appreciable. In the concluding part, the study proposed some guideline that may help in formulating policies to recover the COVID-19 situation.
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An Analysis of the Detrimental Effect of COVID-19 Pandemic: A Study in Bangladesh
How to cite this paper: Md. Rayhanul Islam, Shahed Ahamed Chowdhury, Siddiqur Rahman, Nurul Mohammad Zayed. (2021) An Analysis of the Detrimental Effect of COVID-19 Pandemic: A Study in Bangladesh. Journal of Humanities, Arts and Social Science, 5(1), 116-124.
DOI: http://dx.doi.org/10.26855/jhass.2021.01.012