The leader of this nation has an 80% approval rate, something any U.S. president would envy. Yet, the economy is not doing well. In fact, it is doing very poorly.
GDP growth has slowed for four straight years. They are hoping for zero growth this year but may well slip into recession.
Capital is leaving the nation at a faster rate, i.e., more capital has left in the last three months than all of last year. The government is considering capital controls. Naturally, the stock market is down, and the currency is also down badly.
It is increasing dependent on a single export. The economy is terribly vulnerable to this one export, and it is getting worse. This indicates extremely poor long-term planning.
Whoever said that people vote their wallets?
Tune in tomorrow for the name of this nation . . .
GDP growth has slowed for four straight years. They are hoping for zero growth this year but may well slip into recession.
Capital is leaving the nation at a faster rate, i.e., more capital has left in the last three months than all of last year. The government is considering capital controls. Naturally, the stock market is down, and the currency is also down badly.
It is increasing dependent on a single export. The economy is terribly vulnerable to this one export, and it is getting worse. This indicates extremely poor long-term planning.
Whoever said that people vote their wallets?
Tune in tomorrow for the name of this nation . . .
