Hill Publishing Group | contact@hillpublisher.com

Hill Publishing Group

Location:Home / Journals / Journal of Humanities, Arts and Social Science /

DOI:http://dx.doi.org/10.26855/jhass.2021.01.012

An Analysis of the Detrimental Effect of COVID-19 Pandemic: A Study in Bangladesh

Date: April 28,2021 |Hits: 161 Download PDF How to cite this paper

Md. Rayhanul Islam1, Shahed Ahamed Chowdhury2, Siddiqur Rahman3, Nurul Mohammad Zayed1,*

1Department of Real Estate, Daffodil International University, Bangladesh.

2Barishal Metropolitan Police, Bangladesh.

3Department of Business Administration, Daffodil International University, Bangladesh.

*Corresponding author: Nurul Mohammad Zayed

Abstract

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.

References

Bangladesh Garments Manufacturer Exporters Association. (2020). Impact of COVID-19 on Bangladesh RMG Industry, accessed July 10, 2020 at 01:28 am <https://www.bgmea.com.bd/home/pages/TradeInformation>.

Corona info 2020 Update of Coronavirus in Bangladesh, Accessed 14 July 2020 at 00:30 pm https://corona.gov.bd/?gclid=Cj0KCQjwoub3BRC6ARIsABGhnybVPK89HGTDt3n6cA4HpbA5GNA1PL6mI-xbgiKDLvu9fEdoYtonVT8aAsj0EALw_wcB.

Global Times. (2020). Economic ramifications of Covid-19 in Bangladesh. 11 May 2020.

International Monetary Fund. (2020). Helping Bangladesh Recover from COVID-19, accessed July 1, 2020 at 01:28 am https://www.imf.org/en/News/Articles/2020/06/11/na-06122020-helping-bangladesh-recover-from-covid-19.

Khatun, F. (2020). COVID-19 batters Bangladesh’s already struggling economy. Accessed 03July 2020 at 04:07am <https://www.eastasiaforum.org/2020/05/07/covid-19-batters-bangladeshs-already-struggling-economy/>.

Light castle Analytics Wing. (2020). COVID-19 Impact on the SME Sector of Bangladesh, accessed July 1, 2020 at 12:01 am https://www.lightcastlebd.com/insights/2020/05/09/ covid-19-impact-on-the-sme-sector-of-bangladesh.

Murphy, M. (2017). The Economization of life. Durham: Duke University Press.

New Age. (2020). Corona virus pandemic and leaving no one behind. 13 April.

Saleh, A. (2020). In Bangladesh, COVID-19 threatens to cause a humanitarian crisis. World Economic Forum, accessed 03 July 2020 at 02:52 am, <https://www.weforum.org/agenda/2020/04/in-bangladesh-covid-19-could -cause-a-humanitarian-crisis/>.

The Asian Development Bank (ADB). (2020). COVID-19 Outbreak to Have Significant Economic Impact on Developing Asia. Accessed 27 June 2020 at 8:07 am https://www.adb.org/news/covid-19-outbreak-have-significant -economic-impact-developing-asia.

The Business Standard. (2020). Covid-19 and its impact on Bangladesh economy, 15 April 2020.

The Daily Ittefaq. (2020). How Bangladesh’s leaders should respond to the economic threats of COVID-19. 11 April 2020.

The Daily Star. (2020a). COVID-19 and the economisation of life in Bangladesh, 10 May.

The Daily Star. (2020b). Brac Rapid Survey: 47pc garment workers yet to be paid. 19 April.

World Bank. (2020). Bangladesh Must Ramp Up COVID-19 Action to Protect its People, Revive Economy. Accessed 03 July 2020 at 03:34 am <https://www.worldbank.org/en/news/press-release/2020/04/12/bangladesh-must- act-now-to-lessen-covid-19-health-impacts>.

Worldometers. (2020). Reported Cases and deaths by Country, Territory, or Conveyance. Accessed 12 July 2020 at 02:09 am. <https://www.worldometers.info/coronavirus/?utm_campaign=homeAdUOA?Si%3Ca%20href=>.

How to cite this paper

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 Science5(1), 116-124.

DOI: http://dx.doi.org/10.26855/jhass.2021.01.012

Volumes & Issues

Free HPG Newsletters

Add your e-mail address to receive free newsletters from Hill Publishing Group.

Contact us

Hill Publishing Group

8825 53rd Ave

Elmhurst, NY 11373, USA

E-mail: contact@hillpublisher.com

Copyright © 2019 Hill Publishing Group Inc. All Rights Reserved.