The decline in the price of gold is offset be the decrease in imported petroleum products. The issue is PNC mis-management.
And how did the PNC mismanage in ONE month.
Baseman. your racist Indo KKK were forging numbers, and now the truth has been exposed. TK said LONG ago that the PPP numbers were bogus.
If the economy is slowing, there will be less demand for energy, so lower prices for oil and gas are immaterial.
The strong economic growth wasn't due to PPP policy, but due to high gold prices. In a scant few years gold increased 4th or 5th largest export to the largest, accounting for more than 50% of the total exports,
Well that era is over. In the post 2008 period commodity producer economies grew rapidly, as China was gobbling up everything in sight. Well it turns out that China was in a bubble and now such purchases have collapsed. Guyana remains an exporter of unprocessed commodities, so we are at the basement of the production chain.
So why the shock that the economy has being slowing for the last few years?
I bet you cannot name one thing that the PNC has done that is destroying the economy. Sorry a black president doesn't destroy the economy, as Barbados shows.