Time for a new prescription for the economy


THE economy continues to rebound. Unemployment in July was 4.6%, down from 4.8% in June and the high of 5.3% in May. Manufacturing also seems to be on a rebound, with sales in July growing by 2.1% from June.

Yet, I continue to hear calls for more stimulus measures. These include for the government to spend more to pump prime the economy, to extend the wage subsidy programme and to extend the moratorium on loan repayments.

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