WE are approaching 2020, a year expected to bring about significant changes, driving positive socioeconomic growth. At least, that was the hope 10 to 20 years back. Now, however, our national landscape is still burdened by identity politics, distrust towards the ruling government and a lack of clarity over the steps needed to ensure consistent, public-driven economic growth.
Take the latest announcement on projected GDP growth for next year, for instance. While the projected rate of 4.8% shows an upward trend, the underlying factors outlined by the Economic Affairs Minister – including economic and export structure, supportive labour market, stable inflation rate and healthy current account surplus – seem to undermine the real employment and income-based issues gripping regular folks in the (low income) B40 and (middle income) M40 groups.
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