STATE OF THE ECONOMY

STATE OF THE ECONOMY

Posted by : Quoting Solomon Times Online Posted on : 22-Oct-2020

The Leader of Opposition, Hon. Matthew Wale, has expressed grave concern about the current state of the economy and the impact it is having on families and households throughout the country.

The Opposition Leader said there appears to be little hope going forward, with many families and households struggling.

Wale said the problems in our economy predates the covid-19 pandemic and the government has had enough time to address them but have not done so.

“COVID-19 has exacerbated an already precarious economic situation. The $309 million stimulus payments will have a short-term effect on the economy, provided it is directed at the right sectors with the highest potential impact. However, the delay in the way these payments are issued and injected into the economy are likely to dampen any such positive effectsryt

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