'They forget that although our economy has been doing well, it is still narrow and fragile and it will take a long time before we can compete fully with the developed nations.'
About this quote
- What does it mean?
- Despite apparent economic success, the economy remains narrow and fragile, needing time to compete with developed nations.
- In plain terms
- Our economy looks good but is weak and will take a long time to compete globally.
- What can you take from it?
- Avoid complacency by recognizing that economic growth may be fragile and narrow.
Where it applies
Putting it to work
Questions to consider
- What makes an economy fragile?
- How do you measure true economic strength?
Another view
Describing the economy as fragile may undermine investor confidence unnecessarily.
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