Bangladesh faces MASSIVE unemployment situation, condition worsens after Sheikh Hasina’s ouster, Youths now…, Yunus to…
the International Monetary Fund (IMF) had warned in September about a significant slowdown in the Bangladesh's economic activities.
Dhaka: The Sheikh Hasian government that ruled Bangladesh for 16 long years fell on August 5 (2024) after the so-referred to as students in Bangladesh launched an enormous pronounce towards the quota system in government jobs in July closing year. Almost straight away after the resignation, Sheikh Hasina left Bangladesh and flew down to India. In accordance to the experiences, all the map thru the protests, demonstrators confronted bullets, ensuing in an total bunch of deaths. This day, 16 months later, the unemployment downside in bankrupt Bangladesh has worsened.
Did Hasina lose energy attributable to unemployment?
Many agree with that unemployment became the first intention why Hasina became compelled to resign. Nonetheless, the downside has additional detoriated after the new interim government led by Muhammad Yunus took payment. In accordance to a document by AFP, students who participated in the creep now survey their dreams shattering. Mohammad Rizwan Chowdhury, a student at Dhaka College, suggested AFP that the caretaker government led by Mohammad Yunus has made minimal efforts for the early life.
Disappointment with the Yunus Authorities
In accordance to the Bangladesh Bureau of Statistics (BBS), the sequence of unemployed individuals reached 2.66 million by the quit of September 2024, marking a 6 p.c lengthen as in contrast with 2.49 million the previous year. A 25-year-former Chowdhury, who participated in protests closing year, acknowledged, “I haven’t viewed any meaningful initiative from the government to this level.”
Bangladesh’s Financial Condition Worsens
It's miles going to be vital to train that the World Monetary Fund (IMF) had warned in September about a vital slowdown in the country’s financial actions. Within the interim, inflation stays in double digits. Tax revenues occupy declined, while expenditure pressures occupy elevated.
For many, the passion for Hasina’s initiatives is waning. Chowdhury acknowledged that Yunus has given cabinet positions to student leaders, but the demands of the students are being overlooked.
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