A broad-based upturn is taking hold in Bangladesh, drawing strength from the multispeed global recovery and robust domestic demand that has been supported by resilient workers’ remittances and the fiscal stimulus. In fact, Bangladesh has been adequately resilient to external shocks, particularly to the adverse impact of the recent world recession.
Last year, Luxemburg’s Gross Domestic Product expanded by 3½ percent – compared to an average of 1.7 percent in the European Union. The global financial crisis, nonetheless, will leave a lasting imprint on the Luxembourg economy. Global trends increase competition Even before the outbreak of the crisis in the summer of 2007 the worldwide scenery of international financial centers was in motion.