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Bangladesh Garment Sector Stares Down ‘Irrecoverable’ $5 Billion Loss

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As clothing orders from Western brands and retailers continue to slump in the wake of the COVID-19 pandemic, the Bangladesh garment industry could see an “irrecoverable loss” of $5 billion by the end of the fiscal year, the country’s largest union of garment factory owners has warned. Because of the dearth of work, factories are…

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