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Firstly Gst is a huge problem that's impeding growth. Consumption slowdown is because GST maybe pricing out non essential purchase for average household. For e
by kk58 7y ago
Firstly Gst is a huge problem that's impeding growth. Consumption slowdown is because GST maybe pricing out non essential purchase for average household.
For egs Hotels are priced at 28% gst if am correct. That's a huge drain on local tourism consumption.
Second private investment is at all time low due to infrastructure and credit challenges
Third global slowdown has hit our export markets a little bit
Lastly no big government projects over the last couple of years except welfare schemes that don't really help improve business conditions quickly