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• Economists see little room for growth under IMF programme
• Economy stuck in low-growth equilibrium as consumers’ purchasing power erodes
• Exports, energy costs, policy inconsistency remain major hurdles
WITH the government preparing to roll out its third budget, the economy appears trapped between two competing imperatives: preserving fragile macroeconomic stability to avoid another balance-of-payments crisis and reviving growth to create jobs and alleviate poverty.
