Part 6/9:
Although inflation appears to be under control, the underlying issue remains sluggish private sector activity. Consumer spending per capita is at levels reminiscent of the early 1990s recession, indicating waning household confidence and spending power.
Dono emphasizes that the broader challenge lies in restoring confidence among private businesses, which have been reluctant to invest and employ amid uncertain economic conditions. The government’s reliance on public spending has helped sustain some economic activity, but long-term growth depends on revitalizing private sector confidence.