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Reply to "Guyana Growth rate from January to June 2015 - 0.9%"

Originally Posted by Mr.T:
Originally Posted by caribny:

 

Gold prices are way down, as is teh quantity mined, and that is what carried the economy for the past 7 years.

Prices are down, but I am not so sure about the quantity mined. A lot of the mined gold no longer gets declared. The PPP smuggles it out of the country on a daily basis.

The decline in the price of gold is offset be the decrease in imported petroleum products.  The issue is PNC mis-management.

FM
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