Prime Minister Philip Pierre is proudly highlighting, what he believes is his government’s effective handling of the domestic economy, resulting in growth despite the evident challenges posed by global inflation. These comments came in the Mr. Pierre’s annual New Year’s Address, released by his office last night. According to the Prime Minister, the economy has not merely stabilized, but is also firmly on a trajectory of sustained growth.
“My government pursed an economic policy, of economic stabilization, growth stimulation and citizen empowerment, which reversed the downward trends of 2018-2020” he said.
In spite of this growth, Pierre urged caution due to existing downside risks which can impact growth prospects. He noted that tighter credit condition must be considered moving forward.
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