Pakistonomy - Episode 158 - On Deficits and Debt
Pakistonomy
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The Instability of the Macro Economy in Pakistan
Derek Brawley: A key issue right when you talk to even right now, business owners right is this issue of very high interest rates. He says the federal government has been running persistent budget deficits that are causing issues across the economy for which reason interest rates need to be raised. And then of course the sovereign keeps borrowing more and more so it gets harder and harder for small businesses in particular to borrow from the banking sector., he said.
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