Conclusion The global economy remains entrenched in a period of sub-par growth and elevated uncertainty, which makes the path ahead a very unclear one. Just as it seems that the global economy is starting to progress and is gaining traction, we are buffeted by harsh new winds which we cannot hope to escape as a small open economy.
Unfortunately, in addition to being bombarded with a confluence of negative external events, the deterioration in the domestic situation has further compounded matters. It is now almost a foregone conclusion that the path ahead will be extremely challenging; it is therefore important that we take the tough decisions that are vital to securing our long-term prosperity.