Bangladesh’s textile industry, the backbone of its economy and its largest foreign exchange earner, is facing a severe crisis amid diminishing government support and policy shifts under the interim administration in Dhaka. The turmoil in the sector, which accounts for nearly $48 billion in annual exports, has raised concerns over job losses and declining global competitiveness.

Garment crisis hits Bangladesh's economy

Myanmar's garment industry is a rare bright spot in an economy severely impacted by the military coup of 2021 and ongoing civil conflict. Despite the political turmoil, the sector's export earnings reached $7.6 billion in 2022, up from $5.7 billion in 2019. A significant portion of these exports goes to the European Union, with brands like Adidas, H&M, and bestsellers continuing to source from Myanmar. However, the industry’s growth has not translated into better conditions for workers, who face harsh realities.

Myanmar's Export Earnings Soar, Workers See Little Benefit

Myanmar: Garment Factories Strain Under Power Shortages

Bangladesh police, garment workers clash during protest over low wages. Garment workers sacked after wage protests. The garment industry slowdown is key risk for Bangladesh. Watch the video to know more!

Bangladesh: Textile industry slowdown key risk amid wage protests | Garments Workers Strike |

Explained: Bangladesh's garment workers strike

Argentina is facing an unprecedented level of inflation. people are tightening their purse strings as annual inflation touches 143%. The collateral damage of rising prices has been jeans. hard-up Argentines are increasingly turning to second-hand clothing markets, not just to find affordable jeans but also to raise extra cash from selling old garments.

Argentines flock to second-hand clothing markets amid inflation

Ghana receives around 15 million items of used clothing each week from western countries, offloaded in bulk. Much of it passes through Accra's Kanta-Manto, one of the largest garment markets on the continent, where bales of used clothes are sold based on the expected quality of the garments wrapped up inside. A group of vintage enthusiasts comb through rivers of imported clothes, searching for gems they can re-sell on Instagram pages with thousands of followers in Ghana and abroad.

World of Africa: Ghanaian group recycles secondhand garments

From knitting to packing: Indian cotton yarn's journey

The garment sector has been severely impacted due to the coronavirus pandemic and now they are left with only two choices. One choice is to adapt and the other is to go bust.

Crisis of designers, retailers, and shoppers in Coronavirus pandemic

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