The Impact of COVID-19 on Bangladesh’s Economy: A Focus on new employability trend

Suvra Jahan Kazi Ismat


The COVID-19 pandemic is having an effect on Bangladesh's economy, disrupting the lives of millions of people and limiting their ability to earn a living. The COVID-19 emergence has exacerbated labor market pressures. Because most organizations have halted their recruiting processes to save money, the pandemic has reduced work possibilities, raising the percentage of graduate unemployment in Bangladesh. As a result, the purpose of this research is to look at the influence of COVID-19 on graduate employability in Bangladesh, which has a negative impact on family income and, as a result, the economy of the country. To assess the effect, a literature analysis was undertaken using secondary sources, which revealed that graduate unemployment climbed from 47 percent to 58 percent in 2020, resulting in a $53 million yearly loss. The findings also show that low demand and a large supply of graduates in the labor market, a lack of professional skills among graduates, an inefficient educational system, and other factors all play a role in graduate employability. According to the study, the Bangladeshi government should develop policies to address this issue, including ensuring employment subsidies, implementing skills development programs, improving labor market flexibility, launching credit programs to generate employment, and developing entrepreneurial ecosystems in Bangladesh.


Bangladesh Economy, COVID-19, Policy Responses, Graduate Employability, Unemployment

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