The announcement is positive in that it shows a commitment to fiscal reform - the government is clearly focusing on it, but the key is whether the plan can be implemented, and that will be difficult. It's not clear that the time scale is doable. Monica Malik More Quotes by Monica Malik More Quotes From Monica Malik The important thing to remember is that austerity will be a multi-year process. There will be more measures in the next few years and these will continue to keep growth subdued. Monica Malik energy A lot of uncertainty has to do with the size of the fiscal deficit expected this year. Monica Malik business The relatively limited productive base means that a pick-up in domestic demand due to the easing of COVID-19 restrictions is largely met by imports, however, the sharp rise in oil price is boosting the exports, which we see outstripping import growth in 2021. Monica Malik No one was servicing over here, i don't know why. Monica Malik
