File photo of Finance Minister AHM Mustafa Kamal CourtesyHe said the global countries faced downward trend in both export and import business last yearThe state of the economy was not good, said Finance Minister AHM Mustafa Kamal on Thursday. “Our economy is not good now, as the global economy is also struggling.”He said the global countries faced downward trend in both export and import business last year. Finance Minister said the world economy went into recession from 1929 to 1934. During the period, Prime Minister Sheikh Hasina had announced fiscal incentives for several sectors to survive against the economic headwinds, Kamal mentioned. The world economy fell into depression again in 2009 and the depression continued for long time, said AHM Mustafa Kamal.

Source: Dhaka Tribune February 06, 2020 16:30 UTC