Economy

Economy Set to Rebound in 2020: PHDCCI

He adding that 2020 will be a year of an economic rebound, wherein the expectation is that the economy will regain its dynamic growth trajectory once again and take its position to become a $5-trillion economy by 2024. The PHD Chamber of Commerce and Industry (PHDCCI) president said the economic reforms in 2019 were amazing as the government "reduced corporate tax significantly from more than 30 per cent to an effective rate of 25.17 per cent and 17.01 per cent".