Higher oil prices caused increase in circular debt, reduced investment-related imports

Most developing economies have lowered their exchange rates to remain competitive.

Merchandise exports are decreasing and the government is obsessed with a policy of stable exchange rate

It is an electioneering device, which is neither properly timed nor planned

There is dire need to move towards measures that yield fruitful results

Latest move is short-term one to appease  real estate sector

Sector's bubble needed to be given a reality check

Growth is not well-planned and the country may slip into balance of payments crisis

Increased influx of job seeking rural migrants is causing informal sector to grow

Focus on short-term political gains has caused structural problems