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Bangladesh ranks ninth on this list of 6 countries in the world, which is better than China and India. Among South Asian countries, only Bangladesh is in the top ten on the list of relatively safe countries.
There is no doubt that China’s coronavirus epidemic is going to cause a major economic disaster.
This is the first time in three decades that the economy has shrunk in the first three months of the year due to the closure of companies and factories.
Outbreaks appear to be exacerbated in Europe and the Americas. Many countries in North America and Europe have not yet had a blockade. The details of his loss have not started to come out precisely.
But hundreds of countries, including South Africa, have already requested IMF assistance. Some countries, such as Egypt, have sought debt relief.
According to The Economist, citing the Institute of International Finance, foreign investors have raised more than £ 100 billion in bonds and stock markets in emerging economies in the past four months. This amount is three times the amount of the 2008 global recession.
The Economist writes that Kovid-19 is hurting emerging economies in at least three ways. Production is also closing as people are forced to stay indoors due to closure. Export earnings are declining as communication is cut worldwide. And since much of the world is in disarray, the flow of foreign investment is also tense.
Even if the epidemic subsides before July, economists expect developing country GDP to be 7.8 percent lower than the IMF’s forecast for October.
Economists estimate that emerging economies may need at least আ 2.5 trillion to deal with the crisis. And they have to collect this money from abroad, or break their own reserves.
The Economist writes that they have compiled this list to understand which countries are most at economic risk and which countries are in relatively good condition due to the impact of the coronavirus epidemic.
The Economist considers four indicators to judge the strengths and weaknesses of emerging economies. These are public debt, external debt, interest on loans and reserves as a percentage of GDP.
The top ten coronaviruses are Botswana, Taiwan, South Korea, Peru, Russia, the Philippines, Thailand, Saudi Arabia, Bangladesh, and China.
The top ten countries at risk are Venezuela, Lebanon, Zambia, Bahrain, Angola, Sri Lanka, Tunisia, Mongolia, Oman, and Argentina.
Bangladesh is in a better position than the countries of South Asia, India, Pakistan and Sri Lanka, considering the risks in the opinion of the Economist.
India is 18, Pakistan is 43, and Sri Lanka is 61.
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