Covid-19 and Bangladesh: Threat of Unemployment in the Economy

The COVID-19 has caused tremendous negative consequences in the economy through threatening millions of livelihoods and damaging the earning sources of around 50 million people in the informal sector in Bangladesh. The aim of the study is to provide a comprehensive and demonstrative review on the observed data and the potential impact of massive unemployment that will arise in future after lock-down. The study based on secondary sources of information, since it is very tough to find any quantitative study on the extent of the widening toll on unemployment in the consequences of Corona virus in Bangladesh. Tension is growing fast in the economy due to the rapid-spread stage of outbreak of Covid-19 in Bangladesh. The study finds that massive job losses will happen in both formal and informal sectors, as all of the sectors in Bangladesh e.g. RMG, Remittance, export and import, transportation, tourism, banking and insurance, education are in vulnerable position because of the devastating effect of Corona virus.