Its only here that Lala that goes up doesnt come down. I was expecting that since the per barrel price of crude oil had drastically reduced the pump price of PMC or Petrol should also follow suit. My thinking: If prices dont reduce then it means the amount taken from reserve to subsidize fuel prices should reduce then our reserve should not be in shamble as it currently reflects. About 2015 Austerity Measure: There is what is called the J-Curve effect of devaluation. The economy would suffer a deep fall in condition and would gradually pickup and get better given a right economic enviroment as a result of appropriate monetary and fiscal policies. This has an influence on the balance of payment. Between the deep fall and rising up there is a time lag. Lets be hopeful we will get back.
Posted on: Sat, 13 Dec 2014 11:25:56 +0000
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