Main macroeconomic Challenges to Improve
Macroeconomic stability, Revenue mobilization, Energy and infrastructure deficit, Financial sector and trade reform, Urban management, Labor skill development, Service sector development, Higher education management and quality assurance etc. In spite, the political stability, reducing distortion in environment with regional human rights and violence stability is another challenge for Bangladesh to achieve steady state economic growth for regional and local perspective.
What we can do now?
Macroeconomic management and balance sheet adjustment is not only the possible efficient measures for sustainable economic development. Growth maximized deficit financing is more efficient rather than so called balance sheet adjustment. Achieving mission and vision is more important rather than steady state growth management.
To achieve regional convergence, we have to face challenges for increasing labor income and income distribution. Quality improvement of products of export earnings and band management is also a challenge for us to support global demand.
Reform of banking sector is an acute challenge for Bangladesh at present moment. IT development and efficient digitalization can improve the banking sector management. Low energy consuming real estate growth, tourism and service sector development is an alternative opportunity for us to maintain in an average 8-10 percent GDP growth since we are struggling for energy and electricity deficiency.
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