Misfiring European economies like Spain, Greece, and others routinely report youth unemployment rates above 25 per cent. But the more investors adopt a “wait-and-see” approach, the worse the job situation will become. For the sceptical, the examples of Brazil (28 per cent youth unemployment) and South Africa (58 per cent youth unemployment) should be salutary examples of emerging economies descending into crime, violence, and crisis due to failing to productively (and respectfully) engage their youth. In the interim, the Monetary Policy Committee was operating without a key technical specialist for seven months. The overarching impression all of this has given is that the government has prioritised its non-economic agenda over the development agenda.

Source: Indian Express January 15, 2020 21:56 UTC