Discover and read the best of Twitter Threads about #precovid
Most recents (1)
Let’s dive into #manufacturing and understand how #Pakistan has lagged its #Asian peers in #industrialization, how stagnant growth turned to a decline even #precovid and how #financing has been unable to encourage #investments in the sector macropakistani.com/2020/07/manufa… (1/n)
#Industrial value add per worker in Pakistan has seen minor improvements in the last 25 years. While it changed by 12% for Pak, it changed by 512% for #China. Unfair comparison so not even on the chart but #India has doubled its #Productivity too… (2/n) 
What’s worse is that post 2018, manufacturing in Pakistan has been on the decline, specifically Large Scale Manufacturing which makes up the bulk. Major reasons cited are PKR #devaluation, rising #energy costs and higher #taxes... (3/n)
