Evolving sustainable growth model - Newspaper
With the ministries of finance and planning on the same page, the production sectors are expected to be placed at the centre of the forthcoming federal budget growth strategy in a bid to put the economy on a sound footing. In recent decades, economic growth has predominately been driven by consumption while on the supply side, the contribution of investment, production and exports to GDP expansion has remained much below their potential. The domestic demand is met with huge imports of foreign goods and services that have no share in GDP. Though the inflows of workers’ remittances have posit...
Source: dawn.com