Firstly Gst is a huge problem that's impeding growth. Consumption slowdown is because GST maybe pricing out non essential purchase for average household.
For egs Hotels are priced at 28% gst if am correct. That's a huge drain on local tourism consumption.
Second private investment is at all time low due to infrastructure and credit challenges
Third global slowdown has hit our export markets a little bit
Lastly no big government projects over the last couple of years except welfare schemes that don't really help improve business conditions quickly
Second private investment is at all time low due to infrastructure and credit challenges
Third global slowdown has hit our export markets a little bit
Lastly no big government projects over the last couple of years except welfare schemes that don't really help improve business conditions quickly