Labourers working at a reopened garment factory after being closed during a Covid-19 lockdown in Savar on the outskirts of Dhaka June 18, 2020. — AFP pic
Such businesses form the backbone of many national economies and are therefore vital to the resumption of activity which the International Monetary Fund forecasts will be more sluggish than hoped for as recession looks sure to bite. Some 84 per cent of Bangladeshi exports are garment-orientated in a country where much employment is informal.
But he added: “If my shipments are refused and the crisis worsens, then, God forbid, I will be done with business. I will not be able to bear all the losses and the loans on my accounts.”Swanky Manhattan may be a world away from Bangladesh — but Covid-19 did not spare New York-based dog spa, Biscuits & Bath.Late March saw the 20-year-old company close its doors and lay off the bulk of its employees.
Hotels such as the Celeste near trendy Montmartre were forced to close for two months and even post-lockdown the reservations are barely taking off.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »