The economy of the country must be geared towards absorbing 2 million new job-seekers every year. This is the strong indication of the fact that a demographic time bomb is ticking. There is, therefore, no denying the fact that youth employment challenges might look manageable at the very onset, but long periods of unstable employment and unemployment have serious consequences on the social stability.

But country's macroeconomic indicators present a bleak picture. Although, a turnaround looks elusive, overcoming energy crisis can be a huge breakthrough.

Copyright Business Recorder, 2012