News

Pre-Election Band-Aids

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Though devaluation jitters have calmed, and revenue collections have risen, that doesn’t mean the country is stable, or that its prospects are positive.  The ruling group is preoccupied with the October 28th parliamentary elections, which means the Cabinet is effectively allowing economic problems to pile up, and letting distortions in the economic system multiply.  The ruling group has performed various acrobatic maneuvers in the use of administrative leverage, to keep the system afloat; however, this is not a policy one can build upon. More about recent tendencies you can read in our new report “Pre-Election Band-Aids”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com).  Trial access is available.

Summary of Economic Overview

April 23, 2012