This week I shall consider the remainder of the downside risks facing the economy over the short-to-medium term. These are 1) further stalls in major projects, which are scheduled to come on-stream soon 2) social-political-macroeconomic instability in the context of near-term national elections and, 3) financial risks facing the National Insurance Scheme.
Stalled Projects
In relation to the risks of stalled projects, which are scheduled to be in operation, I had indicated last week the situation of the Sugar Modernization Project. This project has been on-going for at least a decade now and remains extremely doubtful of being able to fulfill
