{"id":8703,"date":"2020-02-29T08:36:49","date_gmt":"2020-02-29T08:36:49","guid":{"rendered":"http:\/\/deshmediabd.info\/?p=8703"},"modified":"2020-02-29T08:36:49","modified_gmt":"2020-02-29T08:36:49","slug":"coronas-influence-could-outweigh-the-recession-of-20-global-stock-market-loses-1-million-a-week-fears-of-slowing-bangladeshs-growth-economists-fear-big-losses-in-several-sectors-including-g","status":"publish","type":"post","link":"https:\/\/deshnews24.info\/?p=8703","title":{"rendered":"Corona&#8217;s influence could outweigh the recession of 20 Global stock market loses $ 1 million a week ** Fears of slowing Bangladesh&#8217;s growth: Economists fear big losses in several sectors, including garments, leather"},"content":{"rendered":"<p><strong><span>Corona virus (CAD-1) spreading worldwide is hitting the economy.\u00a0Analysts warn that the impact of the global recession, which began in the early 20&#8217;s, could be overstated.\u00a0In the meantime, the global stock market has fallen sharply.\u00a0Over the past week, the world&#8217;s largest stock market has had a bad time.\u00a0According to international media analysis, investors lost $ 1 trillion ($ 1 billion) last week.\u00a0After the recession, such a decline was not seen.\u00a0Fuel prices are also falling.\u00a0The impact of the Corona virus is expected to slow down, but the opposite is happening.\u00a0Corona is spread in 4 countries.\u00a0Panic has begun to take on a global pandemic.\u00a0The impact of this has created panic in the entire global economy.<\/span><\/strong><\/p>\n<div>\n<div id=\"ifaq_web_midview\" class=\"pg-ad\" data-google-query-id=\"CL_T8Y6t9ucCFQepaAod89ECsA\">\n<div id=\"google_ads_iframe_\/21739003229\/ifaq_web_midview_0__container__\"><iframe loading=\"lazy\" id=\"google_ads_iframe_\/21739003229\/ifaq_web_midview_0\" title=\"3rd party ad content\" src=\"https:\/\/tpc.googlesyndication.com\/safeframe\/1-0-37\/html\/container.html\" name=\"\" width=\"336\" height=\"280\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-pointer-lock allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-is-safeframe=\"true\" data-google-container-id=\"2\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<p><span>Concerns are also increasing in Bangladesh.\u00a0The cost of garment accessories has already gone up by 5 percent due to disruptions in the export of goods from China, said BGMEA, an industry body of the sector.\u00a0On the other hand, the president of the organization said that the retail stores of big brands worldwide are closed.\u00a0Rubana Haque.\u00a0He told Ittefaq yesterday that due to this, the profitability of the brands has dropped to 5%.\u00a0On the other hand, the reserves of factories are running out due to disruption of supply of raw materials and accessories.\u00a0This could create situations like loss of production, sending goods on airplanes, discounting beer or canceling orders, which would cause huge losses for entrepreneurs in the sector.\u00a0On the other hand, exporters of leather goods and crabs are going to suffer huge losses in Bangladesh&#8217;s exports to China.<\/span><\/p>\n<p><span>Economists in the country also say the Corona virus is on the verge of outbreak worldwide.\u00a0This created a great fear of global recession.\u00a0However, the extent of the virus and how long it lasts will depend on the extent of the damage.\u00a0As a result, the economic growth in Bangladesh is going to fall, said economist and executive director of the Policy Research Institute (PRI).\u00a0Ahsan H. Mansour.\u00a0He told Ittefaq, \u201cThe global economy is going towards recession.\u00a0Our economy was in the bad.\u00a0It will be worse\u00a0Because the revenue will also decrease.\u00a0Where it goes, it is not yet known. &#8216;<\/span><\/p>\n<p><strong><span>The global stock market collapses<\/span><\/strong><\/p>\n<p><span>Under the influence of the coroner, the national and international economies are moving to a shaky spot.\u00a0On Friday, the European Union&#8217;s stock market saw a huge downward trend.\u00a0The main index fell more than 3 points in the London stock market.\u00a0As a result, the share price fell 5 percent.\u00a0The biggest fall was in the US stock market.\u00a0The US Dow Jones Index record fell 5,8 points on Thursday.\u00a0As a result, US stock market investors lost 5 percent.\u00a0The stock market in Asia has also been targeted.\u00a0Japan&#8217;s Nikkei index of Asia&#8217;s largest stock market fell by 227 points, or 9.5 percent.\u00a0China&#8217;s Shanghai Composite Index fell 5.3 percent on Friday alone.\u00a0Although US government bonds are considered the safest investment, its sales record has gone down.<\/span><\/p>\n<p><span>Fuel prices have also dropped in international markets.\u00a0Crude crude oil prices were down 5 percent to $ 5.75 a barrel yesterday.\u00a0Different countries are banning travel, closure of educational institutions, major sports events and business conferences.<\/span><\/p>\n<p><span>Goldman Sachs, the US multinational investor bank, has warned that US investors will not see a profit this year unless the outbreak of the Corona virus spreads.\u00a0Big companies like Apple and Microsoft have already suffered financial losses.<\/span><\/p>\n<p><span>The economist said.\u00a0Zahid Hussain said the Corona virus is in danger of prolonged and widespread outbreaks.\u00a0He told Ittefaq yesterday that the global financial loss could be reduced if the virus was still under control.\u00a0But that is not diminishing, but it is changing every day.\u00a0New countries are being attacked.\u00a0The global supply chain will be severely disrupted if it is more widely spread.\u00a0As a result, both supply and demand can be reduced.\u00a0As a result, it can lead to global recession.\u00a0Depending on its prevalence, how deep the recession will be.<\/span><\/p>\n<p><span>Concerned that the cause of the global recession of the year 25 was because of financial problems due to weaknesses in the regulation of big companies.\u00a0But this time the situation is different, the virus problem.\u00a0One of the major traumatic effects of this year&#8217;s corona virus.<\/span><\/p>\n<p><strong><span>The situation in Bangladesh<\/span><\/strong><\/p>\n<p><span>Concerns among entrepreneurs are increasing day by day.\u00a0Individually, China is Bangladesh&#8217;s largest trading partner.\u00a0The total trade volume of Bangladesh with China in the financial year of FY05 was equal to US $ 4 billion.\u00a0Out of this, Bangladesh exported $ 4 million worth of goods against the import of $ 4 million.\u00a0Although the entrepreneurs spoke a bit softly at the beginning of the Corona virus issue, their concerns have started to increase as the prevalence of it spreads.\u00a0Entrepreneurs are already at a disadvantage because of disruptions in goods arrivals from China.\u00a0Twenty-two trade unions and chambers have reported to the FBCCI, the top business organization, about their losses.\u00a0Most of them said the price of imported goods from China had gone up.\u00a0On the other hand, the Commercial Counselor of Bangladesh Embassy in China also sent a letter to the FBCCI and addressed the situation.\u00a0Especially the transportation of the country,\u00a0The cargo shipments reported to be disrupted.\u00a0It said that this could have a huge negative impact on the commercial activities of both countries.<\/span><\/p>\n<p><span>In Bangladesh, the raw material of garment products is imported from China for $ 12 million a year.\u00a0On the other hand, 5 percent of the textile and garment accessories come from the country.\u00a0BGMEA president Dr. of the garment industry owners.\u00a0Rubana Haque said the price of some accessories rose by up to 5 percent.\u00a0This situation is killing entrepreneurs in the traditional way.\u00a0If China&#8217;s logistics are not normal within the next two weeks, then we will suffer about three months of losses.<\/span><\/p>\n<p><span>China is now a major market for leather and leather products in Bangladesh.\u00a0Entrepreneurs of the sector said that about 5 percent of Bangladesh&#8217;s exported leather and leather products goes to the Chinese market.\u00a0But for the past few days, the country has been closed for export.\u00a0According to data from the Bangladesh Finished Leather, LeatherGoods and Footwear Exporters Association (BFLFEA), earlier, on average, the organization was given an average of 3 certificates per day for export to China.\u00a0It has now dropped to near zero.\u00a0That is, the current purchase is Tulani.\u00a0Former BFLFEA president Tipu Sultan said the sector in crisis is going to suffer a catastrophic disaster.\u00a0He told Ittefaq that many people made the product but could not send it.<\/span><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8704\" src=\"http:\/\/deshmediabd.info\/wp-content\/uploads\/2020\/02\/111.jpg\" alt=\"\" width=\"750\" height=\"450\" srcset=\"https:\/\/deshnews24.info\/wp-content\/uploads\/2020\/02\/111.jpg 750w, https:\/\/deshnews24.info\/wp-content\/uploads\/2020\/02\/111-300x180.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corona virus (CAD-1) spreading worldwide is hitting the economy.\u00a0Analysts warn that the impact of the global recession, which began in the early 20&#8217;s, could be overstated.\u00a0In the meantime, the global stock market has fallen sharply.\u00a0Over the past week, the world&#8217;s largest stock market has had a bad time.\u00a0According to international media analysis, investors lost $ [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,4],"tags":[],"class_list":["post-8703","post","type-post","status-publish","format-standard","hentry","category-6","category-4"],"_links":{"self":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8703"}],"version-history":[{"count":1,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8703\/revisions"}],"predecessor-version":[{"id":8705,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8703\/revisions\/8705"}],"wp:attachment":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}