So much for the PPP screaming massive growth. They were in power for most of this period, with the coalition effectively taking power only in June.
Guyana was one of the fastest region growth economies up to May. The 0.9% incorporates the (-)ve growth since the PNC took over and expected to continue. 2016 will be a recession bordering depression if the PNC keeps up their old bad-man attitude.
One hundred percent accurate. A government must create a climate for investors confidence. That climate does not exist in Guyana. I spoke with some very influential businessmen and they are not optimistic about investing and hiring in the near future.
Consumer confidence is also very low.
Base hit the nail on the head about consumer spending.
Guyana is headed into a severe recession. PNC will become the most hated government in Guyana. I blame this squarely on Harmon who created a toxic business atmosphere in Guyana.