DHAKA, Bangladesh — Bangladesh’s coronavirus death toll has surpassed 1,000 and economic growth is only 1.6% in the current fiscal year ending this month, the World Bank said.
The global lending agency said Bangladesh’s growth was expected to slow to 1.6% because the pandemic has created serious disruptions in industrial production and caused a plunge in global exports and a drop in remittances sent home by workers overseas.
Industry leaders of Bangladesh’s export-earning garment sector say orders worth $3.18 billion have either been cancelled or suspended by global brands, affecting the industry that earns about $35 billion a year from exports.
Bangladesh’s health authorities said Wednesday that 37 more people died of COVID-19, raising the total death toll to 1,012. Bangladesh has a fragile healthcare system for its 160 million people.