The Cake of Growth is Unequal
Tuesday, August 28, 2007
THE country’s economy in the second quarter of this year was moving a little faster. However, this growth is only benefiting the high-income group. The middle and lower income groups are still wrestling with price increases of cooking oil and milk, as well as the choking price of kerosene. Hence, the government is still unpopular in the eyes of the consumer.
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The Continuing Lack of Confidence
THE domestic economy improved during the second quarter of this year. The environment for business opportunities is also encouraging. However, the government’s hard work has not improved consumer confidence. The Consumer Confidence Index (CCI) reached its lowest level this year; the CCI toward the government reached the second lowest level following the price increase of fuel in October 2005. Presently, it is
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