'Recession looms large'

20 Apr, 2020

This is apropos a Business Recorder editorial "Recession looms large" carried by the newspaper on Saturday. The newspaper has concluded its arguments by saying that "The government is trying to reopen the economy in bits and pieces, starting with incentives for the construction sector. But, understandable and necessary as it is to restore growth and employment, the initiative is still a role of the dice at best, really, because there's no guarantee it will deliver what is needed."

I do agree with it only to the extent that it is better to roll the dice on something that just might work out instead of doing something that is sure to end in disaster. Easing lockdown without into consideration the likelihood of a huge spurt in the number of Covid-19 cases can fizzle out all efforts aimed at restoring, albeit modestly, economic activity in the country.

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