Political turmoil and blockades disrupt Bangladesh economy ahead of elections
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Bangladesh's economy is being disrupted by ongoing political protests and blockades by the opposition party ahead of January elections. This is causing supply chain issues and inflation.
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The protests are demanding the restoration of a caretaker government to oversee elections, as the opposition believes current PM Sheikh Hasina's regime cannot hold fair polls.
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The turmoil comes as Bangladesh already faces economic struggles - shrinking reserves, high inflation, trade deficits. The crisis risks damaging an economy dependent on garment exports and remittances.
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Analysts say deeper democratic reforms are needed to restore stability. Opposition wants to break the grip of oligarchs entrenched under Hasina's long rule, which they accuse of corruption.
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Absence of inclusive democracy and cronyism under the current government are seen as root causes of both the political and economic crises.