Rédaction Africa Links 24 with lexpress
Published on 2024-03-02 02:45:00
The board members of the CREM.
The Circle of Reflection of Economists of Madagascar (CREM) delivered yesterday its sharp analyzes on the economic situation and structure of the country.
At the heart of its recommendations lies investment in human capital as the key to development.
“Education, training, and valorization of achievements are not only imperatives but also essential catalysts for better productivity, ensuring sustained economic growth. Our youth, with their immense potential, are the architects of this future development. They represent a pool of ideas, skills, and innovations that must be nurtured and supported by bold public policies,” emphasized David Olivaniaina Rakoto, president of the CREM board.
Furthermore, the Malagasy economy requires investments in physical capital, machinery, and technological advancements to stimulate growth. Despite its promising potential, Madagascar is faced with a complex reality, according to the CREM.
“Low production hampers the country’s economic dynamics and interrupts a path to sustainable growth. Moreover, external shocks, such as conflicts in Ukraine and Israel, influence our outward-oriented economy,” added David Olivaniaina Rakoto.
Economists also emphasize the importance of good governance as a path to development. However, despite these positive outlooks, challenges persist.
“If the unemployment rate remains relatively low, a specter threatens the economic landscape: an inflation rate approaching double digits,” the CREM highlights.
Read the original article(French) on lexpress.mg
