Global Journal of Management and Business Research, B: Economics and Commerce, Volume 23 Issue 1

should help the student for digital learning. Now students can learn wherever they belong they do not go to school, college, and University.  Reducing internet cost, tax, vat can help to reduce the SME and other Industries.  Corporate Social Responsibility may be the better solution to prevent this pandemic. Banks, Financial Institutions, or any other Industry can help people by CSR activities. It will be helpful for our country. A lot of amount was used by previous year by doing CSR. This year all institutions should maintain CSR for preventing the loss due to COVID-19.  Government should create fund for SME, RMG, and Tourism Industry. Because these sectors may suffer a serious loss due to COVID-19. V. C onclusion The COVID-19 outbreak has dealt a severe blow to many countries with poor economic conditions prolonged lockdown partially or completely stops all economic activity, therefore low-income people are mostly unemployed, and they do not have access to food and social safety programs. The Bangladeshi government has announced a huge stimulus plan that will be helpful for affected people and their family. In this research, the researcher showed that there was a huge impact on economy will happened due to COVID-19. The RMG sector, GDP, Tourism sector, Capital market and Education sector were in danger. Each sector of the country were suffering loss due to lockdown. Garments were closed down for COVID-19. Export rate decreased and industry facing huge losses. Social awareness and internet could reduce some losses during COVID-19. In this study, the researcher describes some a researcher’s recommendation regarding to Minimizing the impact of COVID-19. Lastly, the researcher suggests some possible solution which can be helpful for Bangladesh. Impact of COVID-19 on the Economy of Bangladesh 26 Global Journal of Management and Business Research Volume XXIII Issue I Version I Year 2023 ( ) B © 2023 Global Journals R eferences R éférences R eferencias 1. Alam, N. Ruba, D. K., & Rowshan, S. (2020). Impact of Covid-19 pandemic on global education systems. The Business Standard. 2. Asian Development Bank (2020). ADB's Response to COVID-19 retrieved from: https://www.adb.org /news/videos/adbs-response-covid-19-side-our- developing-members 3. BGMEA Trade Information: https://www.bgmea . com.bd/home/pages/Trade-Information 4. Bhuiyan, M. (2020). World Bank forecasts only 1.6% GDP growth for Bangladesh. https://tbsnews.net /economy/world-bank-forecasts-only-16-gdp- growth-bangladesh-90592 5. Barua, S., Alam, A., Rahman, I., & Hossen, R. (2020). Mapping the Covid-19 implications for Bangladesh's stock market. https://thefinancialexpress.com.bd/views/mapping- the-covid-19-implications-for-bangladeshs-stock- market-1594223057 6. Baldwin, R. & Mauro, W. d. (2020).Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes. CEPR Press 7. Banna, H. (2020). Minimising the economic impact of Coronavirus in Bangladesh. THE BUSINESS STANDARD 8. Bhuiyan, M.S. A. (2020). Covid-19 and its impact on Bangladesh economy. https://tbsnews.net/thoughts /covid-19-and-its-impact-bangladesh-economy-695 41 9. COVID-19 Impact on the SME Sector of Bangladesh. (2020). https://www.lightcastlebd.com/insights/2020/05/09/ covid-19-impact-on-the-sme-sector-of-bangladesh 10. Deb, S. K., and Nafi, S. M. (2020). Impact of COVID- 19 Pandemic on Tourism: Perceptions from Bangladesh. http://dx.doi.org/10.2139/ssrn.3632798 11. Dutta, Rana. (2020). COVID-19: An impending threat for Bangladesh RMG. https://www. observerbd.com/details.php?id=245698 12. D’Costa, J. P. (2020). How To Face Impact Of Coronavirus. http://www.fintechbd.com/how-to-face- impact-of-coronavirus/ 13. Everything you need to know about the coronavirus. (2020). https://www.theverge.com/2020/1/23/21078 457/coronavirus-outbreak-china-wuhan-quarantine- who-sars-cdc-symptoms-risk 14. Fairlie, R. W. (2013). Entrepreneurship, economic conditions, and the great recession. Journal of Economics & Management Strategy . https://doi. org/10.1111/jems.12017 15. Fairlie, R. W. (2020). THE IMPACT OF COVID-19 ON SMALL BUSINESS OWNERS: CONTINUED LOSSES AND THE PARTIAL REBOUND IN MAY 2020. NATIONAL BUREAU OF ECONOMIC RESEARCH. 16. Hina, Nawaz, Barbra, Nabyonga, and Hassan, Nawaz. (2021), The Impact of COVID – 19 on Pakistan’s Export Oriented Economic Growth. In: Economics and Business Quarterly Reviews, Vol.4, No.3, 114-125. 17. Indrajith, V.S., (2021). Impact of COVID-19 on Economy of Sri Lanka. Available at SSRN: https://ssrn.com/abstract =3911544 or http://dx. doi.org/10.2139/ssrn.3911544 18. Klein, A., Smith, E. (2021). Explaining the Economic Impact of COVID-19: Core Industries and the Hispanic Workforce.1-18. 19. PATA Bangladesh Chapter (2020). PATA Bangladesh Chapter: COVID-19 impact on the Tourism Industry in Bangladesh. Available at: https://www.pata.org/pata-bangladeshchapter- covid-19-impact-on-the-tourism-industry-in-