Guyana is in a recession, Moron.
Jackass, a recession does not happen in a few weeks. Go read a text book or ask the Economics Professor TK for the definition of a recession. You people use terms loosely on this forum and you have no clue what they mean. Besides that, there has been no comparative measure of the GDP Growth/Decline since the new government assumed leadership so how the hell can the economy be in recession if no one measured it?
I have no doubt that the economy is slowing down as with problems in rice, sugar, and gold, this can be expected.
The PPP will scream and blame APNU, but the reality is this was already beginning to happen, and we discussed this before the election.
What we have found out since the election is that the gov't is more indebted, corruption more extreme, and cash flows more dire than we had imagined it to be.
But like they say "take care that you might want something, because you might get it". APNU/AFC took over the country with the economy beginning to slow. The inevitable hostility from Venezuela as resurfaced and rice makes an easy target.
I hope that the coalition quickly shifts from thinking that blaming the PPP will be an excuse. They were elected to FIX the PPP problems, and not whine about them.
So what does APNU/AFC plan to do?
I have to say, the PNC ran into a shitload of bad luck, the Venezuela rice fiasco, (PNC created), the ongoing issues with sugar and the dramatic decline in gold prices over the past few weeks, plain bad luck. The indebtedness was known and being managed, now with the downturn, things could go pear-shaped in a hurry.
I spoke to my business contacts in US and GT, they have grown reserved on the PNC ability to manage this inflection. A compounding factor is crime and the targeting of high-profile Indian businessmen. You guys come across very weak at your much touted strong point, security. If you cannot handle that, them all else in poppy cock, alyuh not worth the ballot paper checked to get you in power.