International financial markets are closely watching the political unrest in Bangladesh, but its economic impact is unclear. Prime Minister Sheikh Hasina, who was ousted by fierce student protests, turned Bangladesh into one of the fastest-growing economies in the world, Reuters reported, even as it struggled with inflation, unemployment, and overseas debt. However, the economy is “unlikely to suffer major long-term effects,” one UK-based firm said. The interim government’s new leader is a Nobel-winning economist, and shares of fast fashion giants like H&M and Zara — reliant on Bangladesh as the world’s apparel factory — barely fell Monday. Still, there are concerns: Clothing products account for 90% of Bangladesh’s exports, and many factories have shut down during the protests. |