Liberia, June 10 -- One major constant in the history of the global economy is that nations do experience economic recessions. For over 5 years the Liberian economy has been in a recession that has adversely impacted living standards across the country. The causes of the downturn are cleared: lower price and global demand for primary commodities, the Ebola epidemic, UNMIL Drawdown, lowering foreign direct investment, loosened fiscal & monetary stance, mismanagement, etc.

toe Gkornean BSc, MBA, MSc, CCMS, harrygkornean@gmail.com

What is unclear and currently being debated rests with the appropriate set of changes to Liberia's fiscal and monetary programs in response to the economic nosedive. Noteworthily, these troubling economic conditi...