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It's not every day that a small-business story makes headlines, but that's exactly what's happening in Bangladesh.
Per the Wall Street Journal, the country's small and medium-sized businesses are struggling as the country's economy slows down.
"The high cost of doing business is a major hurdle exacerbated by the widened working capital gap," says IDLC Finance CEO Jamal Uddin.
"Additionally, high inflation has dampened overall demand, reducing revenue for these businesses," he adds.
"Stabilising the market to alleviate import restrictions and ensure a steady supply of necessary products, thus easing inflation rates, would help restore consumer power, boost overall demand, and boost revenue for [small and medium-sized businesses]."
Among the ways small and medium-sized businesses are dealing with the economic slowdown: They're cutting costs.
"Many of these enterprises focus on essential products, substantially catering to the domestic demand," Uddin tells the Journal.
"They sustain their operations by adhering to fundamental business principles, though profit margins have tightened."
They're also looking to get more financing from banks and financial institutions to keep up with rising costs.
The country's small and medium-sized businesses account for about 70% of the country's
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