The trade deficit to expand to $12.8 billion this fiscal

[bluesky]

The trade deficit to expand to $12.8 billion this fiscal

Guys, please go through the entire video to know about the trade deficits. Watching the analysis with a table prepared by the Bangladesh Bank, I believe that the country will witness a great depression when it happens deeply in 2024. Last fiscal that ended in June 2022 the trade deficit was only $4.3 billion.

Hasina Bibi went to IMF, WB, and ADB to provide loans to cover this small deficit. I wonder which lending agencies can help BD when the deficit expands to $12.8 billion?

PInalki was telling that $2.77 billion to be repaid to the lenders this fiscal. The repayment amount will only increase every year. And the FE reserve will go down to $15.22 billion as a result of this payment and other factors by 2024.

God Bless Bangladesh!!!

 

[UKBengali]

BD trade deficit was around 22 billion US dollar in 2021-2022 fiscal with exports of 60 billion(including services) and imports of 82 billion US dollars.

This compares with 25 billion US dollar trade deficit for the previous fiscal.

So the deficit has fallen from 55% of exports down to just over 25% of exports over the last 2 fiscals.

The last month's figures for July 2022 show that exports + remittances were slightly more than imports and hence foreign reserves are no longer falling and stabilised.

In fact with BD making all-out effort to curb non-essential imports and if exports and remittances stay strong this fiscal, then BD may even increase its forex reserves by the end of this fiscal.

Please ignore this half-educated illiterate who simply has no clue what he is blathering on about.

 

[bluesky]

BD trade deficit was around 22 billion US dollar in 2021-2022 fiscal with exports of 60 billion(including services) and imports of 82 billion US dollars.

This compares with 25 billion US dollar trade deficit for the previous fiscal.

So the deficit has fallen from 55% of exports down to just over 25% of exports over the last 2 fiscals.

The last month's figures for July 2022 show that exports + remittances were slightly more than imports and hence foreign reserves are no longer falling and stabilised.

In fact with BD making all-out effort to curb non-essential imports and if exports and remittances stay strong this fiscal, then BD may even increase its forex reserves by the end of this fiscal.

Please ignore this half-educated illiterate who simply has no clue what he is blathering on about.

Please watch again the Pinaki video before making unwise comments as if everything is alright. i have watched it three or four times to understand what he implied.

Hasina policy will cause BD to succumb to economic perils. Her borrowing and building a few physical projects is no recipe for development.

 

[bluesky]

Shut up idiot!

Trade deficit doesn’t automatically mean forex will go down!

Almost all nations run permanent trade deficits.

But as @UKBengali has explained, in Bangladesh’s case, it will be more than balanced by remittance.

So shut up!

You and your Hinduvta baap also predicted doom during covid. But your India couldn’t even supply oxygen to its citizens.

Whilst BD grew by 3.5% - your ModiG presided over a mega recession.

Who do you want to shut up? Me or Pinaki? Grow some knowledge in your brain. People born imbeciles should not remain imbeciles for the rest of their lives.

The Bangladesh Bank says the deficit will climb to $12.8 billion in 2024 and you are such a genius to tell that it only narrows even though this huge deficit cannot be covered by IMF, WB, or ADB loans.

BD has few industrial goods to export to make the trade balance positive. So, how do you propose to balance the trade? If you have no ideas, then I should ask you to keep your big mouth shut.

 

[BananaRepublicUK]

Who do you want to shut up? Me or Pinaki? Grow some knowledge in your brain. People born imbeciles should not remain imbeciles for the rest of their lives.

The Bangladesh Bank says the deficit will climb to $12.8 billion in 2024 and you are such a genius to tell that it only narrows even though this huge deficit cannot be covered by IMF, WB, or ADB loans.

BD has few industrial goods to export to make the trade balance positive. So, how do you propose to balance the trade? If you have no ideas, then I should ask you to keep your big mouth shut.

Why does trade have to balance?

Do you grow your own rice to balance all the wheat you buy?

It’s nonsense!

12 billion trade deficit is minuscule given huge remittance.

Lot of the deficit is also due to infrastructure projects built by China, Japan et al And they are paying for those imports with their own money for now.

Btw, unlike you, @UKBengali and I have under grad and post grad degrees from elite U.K. universities.

Sort of unis that will not employ you even as a toilet cleaner!

So shut up!

Stop posting Hinduvta nonsense!

Listen to your betters like @UKBengali

Hinduvta is trying to destabilise BD with propaganda - and then create 1975 like situation.

And you have fallen for this hook line and sinker!

Your ranting over the dollar rates at the so called “kerb market” - showed what an imbecile you are!

You might as well complain about the price hike of prostitutes!

Neither affects the life of the average Bangladeshi!