ziaulislam
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Exactly what caused the previous crisisInterest rates needs to be reduced to a minimum possible and govt spending/tax collection should be open sourced.
Low interest rates depress savings and investment BUT HELPS GOVT OVERSPENDING
this has been the signature move for all previous govt
Imagine if i decrease rate from 10 to 5 all of sudden the govt has 1 trillion of additional money to spend
CorrectI not think economy is moving towards growth when world powerful economies are facing recession, we should remain in realistic state of mind.At present there are no signs of growth and optimism as people are not willing to make investment in new startups due to fear of inflation and loss of their investment
Growth is going to be tough in face of global recession
But as growth never happened in pakistan we have ample of space though huge resistance from every society part...in essence IK govt is facing populist force against reforms..
GIDC is one example
Where india cuts it tax rates from 30 to 15 to stimulate growth we cant do that due to facebook brigade