Abstract
Global economy is going through another round of rough patches. Right after an economic turmoil that originated in the USA, the global economy is experiencing a debt crisis in the EU region. Even though there are certain differences in the nature of the crisis, the possibility of an economic disaster around the world looms over. Bangladesh suffered from the previous financial crisis with a time lag. The country also fears a similar lagged blow from the EU crisis as that region is one of her major trading partners. Export, Aid, FDI and remittance of Bangladesh are feared to suffer from the EU sovereign debt crisis but the impact might not be immediate in case of this crisis as well.
Highlights
The early signs of the 2010 European Economic Crisis started emerging during a period of the late 2000s when several members of European Union began to experience the persistent fiscal deficit in their economies
In order to explore how the EU debt crises would translate into an economy like Bangladesh, we have looked into a few relevant studies
The seriously indebted countries are relying on European Central Bank (ECB) and International Monetary Fund (IMF) for rescue packages
Summary
The early signs of the 2010 European Economic Crisis started emerging during a period of the late 2000s when several members of European Union began to experience the persistent fiscal deficit in their economies. This situation has triggered concerns regarding financial stability of EU members, who have adopted Euro as their legal medium of transaction. The current EU debt crises should be a concerning issue for a rapidly liberalizing economy like Bangladesh since EU is one of her major trading partner constituting about 31.19% of total global trade with Bangladesh
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