BBC on Nostr: Fast fashion drove Bangladesh - now its troubled economy needs more ========== ...
Fast fashion drove Bangladesh - now its troubled economy needs more
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Bangladesh's garment industry, worth $55bn annually, is facing challenges after protests led to the fall of Sheikh Hasina's government in August 2023; hundreds were killed, and at least four factories were set on fire; 60 factories outside Dhaka are expected to close due to worker unrest; exports could drop by 10-20% this year; the industry employs millions but pays poorly, with many workers earning below the minimum wage; the new central bank governor, Dr Ahsan Mansur, seeks financial support and warns of a long recovery; student protests demand better job opportunities and wages; Muhammad Yunus, the interim leader, aims for economic reforms; challenges include corruption, global demand decline, and climate change impacts.
#Bangladesh #GarmentIndustry #FastFashion #Economy #Protests #SheikhHasina #MuhammadYunus #Wages #Imf #Corruption
https://www.bbc.com/news/articles/cd6ye3e8x9po
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Bangladesh's garment industry, worth $55bn annually, is facing challenges after protests led to the fall of Sheikh Hasina's government in August 2023; hundreds were killed, and at least four factories were set on fire; 60 factories outside Dhaka are expected to close due to worker unrest; exports could drop by 10-20% this year; the industry employs millions but pays poorly, with many workers earning below the minimum wage; the new central bank governor, Dr Ahsan Mansur, seeks financial support and warns of a long recovery; student protests demand better job opportunities and wages; Muhammad Yunus, the interim leader, aims for economic reforms; challenges include corruption, global demand decline, and climate change impacts.
#Bangladesh #GarmentIndustry #FastFashion #Economy #Protests #SheikhHasina #MuhammadYunus #Wages #Imf #Corruption
https://www.bbc.com/news/articles/cd6ye3e8x9po