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Tough business regime has hurt job growth
A past graduation ceremony. The government needs to offer avenues for acquisition of new skills that will be required as the economy evolves. FILE PHOTO | NMG
Since 2016, there has been a global economic and financial crisis, especially with the recent major political shifts in big economies including the US, France, Spain, Japan and Britain. Locally, the August 8 General Election has not helped businesses either.
According to the International Labour Organisation ILO, the global GDP growth hit a six-year low in 2016, at 3.1 per cent, well below the rate projected in the previous year.
