A COUNTRY which was clocking a growth rate a shade above 5pc per annum for most of its history is now finding that this rate has dropped to below 4pc. It gives the impression that this is the new equilibrium rate that we may have to live with for some time. What explains this lacklustre performance of the economy, even though there are some positive fundamentals that should be able to accelerate economic growth?
Strategic Perspectives Through Research and Dialogue
