Bangladesh ranks 9th in strongest emerging economies

Sunbd Desk || Published: 2020-05-03 09:23:52 || Updated: 2020-05-03 09:23:52

Various countries are trying to prevent the spread of coronavirus by issuing lockdowns, however, the economies of many countries have collapsed due to lockdown and the closure of the business. Millions of people are losing their jobs. In such a situation, The Economist has given some good news to Bangladesh.

The Economist has compiled a list of 66 emerging economies amid the COVID-19 crisis where the London-based magazine has placed Bangladesh on the ninth position in terms of different indicators of financial strength.

This list has been made considering four possible aspects. These include – government debt as a percentage of GDP, foreign debt, interest on loans, and reserves. Bangladesh is in a strong or relatively strong position considering all the indicators, according to that list. It has also calculated the possible foreign payments this year and compares this with their foreign reserves.

Botswana is among the top 10 countries with strong emerging economies in the wake of the COVID-19 crisis. The list is followed by Taiwan, South Korea, Peru, Russia, Philippines, Thailand, Saudi Arabia, Bangladesh, and China.

China is just behind Bangladesh with the 10th position. Neighboring India ranks 18, Pakistan 43, and Sri Lanka 61 on the list.

In this crisis caused by the pandemic, Bangladesh is in a safer position in the economy than the neighboring countries. Bangladesh’s economic position is much better than that of the three neighboring countries in South Asia, according to The Economist.

At the bottom of the list are the top 10 countries currently at risk in economics are – Venezuela, Lebanon, Zambia, Bahrain, Angola, Sri Lanka, Tunisia, Mongolia, Oman, and Argentina.

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