“It is important to acknowledge that it is not all bad,” he stated on Joy News' PM Express Business Edition.
“There is cautious optimism because the private sector will always acknowledge that there has been a certain amount of stability emerging, and the prospects look reasonable,” he said on Thursday.
However, he noted that while there is a sense of emerging stability, there is also lingering trepidation regarding its sustainability.
Businesses, he explained, are looking beyond short-term impacts to focus on long-term stability.
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