And not least address our unemployment challenges which may become structural or in-built (i.e., long-term and permanent, regardless of business cycle) – which definitively includes graduate and youth unemployment (and under-employment). Otherwise, graduate and youth unemployment and under-employment will increasingly become a part of our broader structural growth challenge in the years to come. Lower GDP growth means lower production and investment together with consumption and by extension, higher unemployment and under-employment. And our graduate and youth unemployment – which is traditionally three times the national average – will also correspondingly increase. It will also deepen youth unemployment and under-employment.

Source: The Star August 05, 2021 13:07 UTC