Iran-US-Israel conflict may cut growth, exports, wages, raise inflation in Bangladesh: Sanem
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The Iran-US-Israel conflict may lead to a decline in Bangladesh's economic growth, exports, and real wages, while increasing inflation. The country's heavy dependence on imported fossil fuels makes it vulnerable to energy price shocks and supply disruptions.
Bangladesh's economy may face challenges due to the Iran-US-Israel conflict. The conflict has triggered energy price shocks and supply disruptions, which may cut growth, exports, and wages, and raise inflation. Bangladesh imports 72% of its LNG from Qatar and the UAE, routes now at risk. The country's real GDP may fall by 1.2%, exports by 2%, and imports by 1.5%. Inflation may rise by 4%, and real wages may drop by 1%. The government is advised to accelerate renewable energy adoption and diversify energy sources.
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