Monday, October 13, 2008

Analysts fear global financial crisis may hit Bangladesh
Dhaka (PTI): Economists and financial analysts have asked Bangladesh's interim government to prepare itself to face the fallout of global financial crisis as the South Asian country's stock market suffered its worst decline with panic gripping small retail investors.
"We cannot escape the meltdown. What will happen to us is very clear. We cannot live in isolation," Nobel Laureate Muhammad Yunus told a conference fearing a heavy setback on the exports of the readymade garments and remittances as well as job losses of Bangla deshi citizens at home and abroad.