June 29 2019

Source : www.stabroeknews.com

Based on a projected growth rate of 16.3% during the period 2018 to 2021, Guyana has been identified as having the fastest growing economy in the world, according to an analysis published on the Nasdaq Stock Market website.

The analysis notes that the ranking is based on the average growth rate for the four years (2018 estimates and projections for 2019, 2020 and 2021), which are sourced from the World Bank’s Global Economic Prospects June 2019 data.

The analysis says with a Gross Domestic Product size of US$3.63 billion (2018 Rank: 160), a growth rate of 4.1% in 2018 and 4.6% in 2019, Guyana’s economy is expected to grow by 33.5% and 22.9% in 2020 and 2021, respectively.

It notes that ExxonMobil Guyana has made 13 discoveries since 2015 and plans to begin producing up to 120,000 barrels of oil per day from the Liza Phase 1 development in early 2020.

“Guyana is projected to be among the world’s largest per-capita oil producers by 2025,” it adds.

According to the analysis, the world economy is expected to grow at 2.6% in 2019, the slowest in three years, before it is anticipated to expand again from 2020.

Original Post

Schwarzenegger tied the knot with Chris Pratt in an intimate ceremony earlier this month.

The couple enjoyed a honeymoon in Hawaii where they were spotted at a luxury resort enjoying each other’s company. 

“They looked totally in love,” a source told PEOPLE.

What's wrong with the statements above? 

"It notes that ExxonMobil Guyana has made 13 discoveries since 2015 and plans to begin producing up to 120,000 barrels of oil per day from the Liza Phase 1 development in early 2020."

And we might have elections that year also  hmmmm I wonder 

Economic growth without a population growth .. 

- Political instability.

- Unreliable  Electricity Supply

- Increase in corruption 

- High Taxes ( there is another thread where US ambassador comment on this)

- Robbery and home invasion on the increase

- No respect for rule and law. 

economic growth is gud for businesses and that’s good for us .. but not sure about this projection. 

Guyana current Finance Minister is on record calling for street protest- how is this confidence for investors.  

 

 

Django posted:

June 29 2019

Source : www.stabroeknews.com

Based on a projected growth rate of 16.3% during the period 2018 to 2021, Guyana has been identified as having the fastest growing economy in the world, according to an analysis published on the Nasdaq Stock Market website.

The analysis notes that the ranking is based on the average growth rate for the four years (2018 estimates and projections for 2019, 2020 and 2021), which are sourced from the World Bank’s Global Economic Prospects June 2019 data.

The analysis says with a Gross Domestic Product size of US$3.63 billion (2018 Rank: 160), a growth rate of 4.1% in 2018 and 4.6% in 2019, Guyana’s economy is expected to grow by 33.5% and 22.9% in 2020 and 2021, respectively.

It notes that ExxonMobil Guyana has made 13 discoveries since 2015 and plans to begin producing up to 120,000 barrels of oil per day from the Liza Phase 1 development in early 2020.

“Guyana is projected to be among the world’s largest per-capita oil producers by 2025,” it adds.

According to the analysis, the world economy is expected to grow at 2.6% in 2019, the slowest in three years, before it is anticipated to expand again from 2020.

No one doubts it will expand rapidly as the predators gear up for the leeching. Oil income will also cause the economy to balloon some 10 to 40 times in the first few years and one knows what happens in these instances with inflation. Poor people will catch their ass because most of that money is not going into the agriculture sector for one and not into the country side to begin with. This will be an urban expansion where every minister deploy their pet project so they can skim. As I noted, they will not be able to find entertainment events to host so look our for camel races! I hardly expect anyone to think that these crooks from either party who are in a habit to enriching kith and kin will act responsibly and develop the society evenly

Back in 2017 when the idea was first brought to the Region Five RDC, the Council was supposed to give its blessings to the project before it was executed but the RDC never approved it. Nevertheless, the REO went ahead with the project as his own.
The crops owned by those farmers were bulldozed and the farmers had asked the RDC to intervene but were told that it was all the REO’s doing without getting approval from the RDC.
Several letters were dispatched to Communities Minister, Ronald Bulkan and the Agriculture Minister, Noel Holder but the farmers are still awaiting a response.

This how the PNC roll. Like I mentioned above. The Coalition is just sitting and waiting for Guyana's ejaculation of crude oil.

@ksazma

I am of the belief that the governing body of each region is influenced by the will of people of the respected regions.

For the central government to manipulate/subvert the powers of elected officials to push their own agendas is undemocratic and dictatorial.

 

Elections is a farce

The constitution is a brer anancy manuscript 

The oath of office is a comedy script

The Pledge of Guyana is a fairytale story

The bureaucracy you have to go through just to get your business proposal to the right person is unbelievable. And the PPP wasn’t better. 

2 million G$ is the starting to get your doc in, the permanent secretaries are the one who set the system up this way. the PS has more powers than Ministers and government  minister don’t trust each other. 

Its difficult for foreign investors to go solo into government department and be successful. 

Django posted:

Guyana’s economy projected to be fastest growing in the world

June 29 2019,  Source : www.stabroeknews.com

Based on a projected growth rate of 16.3% during the period 2018 to 2021, Guyana has been identified as having the fastest growing economy in the world, according to an analysis published on the Nasdaq Stock Market website.

Really ???? ___ !!!!!! 

Perhaps, someone is looking at issues from the rear end.

Stormborn posted:
Django posted:

June 29 2019

Source : www.stabroeknews.com

Based on a projected growth rate of 16.3% during the period 2018 to 2021, Guyana has been identified as having the fastest growing economy in the world, according to an analysis published on the Nasdaq Stock Market website.

The analysis notes that the ranking is based on the average growth rate for the four years (2018 estimates and projections for 2019, 2020 and 2021), which are sourced from the World Bank’s Global Economic Prospects June 2019 data.

The analysis says with a Gross Domestic Product size of US$3.63 billion (2018 Rank: 160), a growth rate of 4.1% in 2018 and 4.6% in 2019, Guyana’s economy is expected to grow by 33.5% and 22.9% in 2020 and 2021, respectively.

It notes that ExxonMobil Guyana has made 13 discoveries since 2015 and plans to begin producing up to 120,000 barrels of oil per day from the Liza Phase 1 development in early 2020.

“Guyana is projected to be among the world’s largest per-capita oil producers by 2025,” it adds.

According to the analysis, the world economy is expected to grow at 2.6% in 2019, the slowest in three years, before it is anticipated to expand again from 2020.

No one doubts it will expand rapidly as the predators gear up for the leeching. Oil income will also cause the economy to balloon some 10 to 40 times in the first few years and one knows what happens in these instances with inflation. Poor people will catch their ass because most of that money is not going into the agriculture sector for one and not into the country side to begin with. This will be an urban expansion where every minister deploy their pet project so they can skim. As I noted, they will not be able to find entertainment events to host so look our for camel races! I hardly expect anyone to think that these crooks from either party who are in a habit to enriching kith and kin will act responsibly and develop the society evenly

The poor will die of massive inflation.  Just check out the rents that people want to charge in Guyana.  You would think that you are in the USA.  And the economy hasn't even gotten into full growth yet.

Small businesses will be crushed as no one will work unless they are paid what they think that oil workers get. This will be the land of speculators.  I have yet to see a plan by anyone (govt or private sector) to recycle royalties and other anticipated revenues into other sectors.

As corruption by the elites becomes even more blatant as they all display Miami Beach lifestyle the poor will become more cynical and violent and the security industry will almost match the oil sector in its growth.

Poor Guyana.  Equatorial Guinea here we come.

Dave posted:

The bureaucracy you have to go through just to get your business proposal to the right person is unbelievable. And the PPP wasn’t better. 

2 million G$ is the starting to get your doc in, the permanent secretaries are the one who set the system up this way. the PS has more powers than Ministers and government  minister don’t trust each other. 

Its difficult for foreign investors to go solo into government department and be successful. 

This is why I don't know why Guyanese spend so much time screaming as to which party is better.  Tribalism and ethnic fears being the only justification. 

The only difference between the two is that APNU/AFC is less integrated into the oligarchs so is poorer, less able to engage in patronage and is more easily controlled as their ability to buy out people is less.

But this is what Guyanese want. Equatorial Guinea here we come.  It isn't even going to be T&T as we will not get the economic multipliers that they get.  And T&T has bags of problems.

We tolerate mediocre little men engaged in power lust and greed because we too are greedy so will focus on what crumbs we can get rather than demanding the development of a system of governance which might provide sustainable and equitable economic growth.

Guyanese all groveling under Harmon and Jagdeo to see what we can get.

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