Reply to "Economic slowdown as Guyana seems to be headed into a severe recession"

Former Member

Originally Posted by Mr.T:

The rapid decline is worrying. I had no idea that the Guyanese economy was so reliant on drugs smuggling and the price of gold. The PPP did not care about cash crops like rice and sugar.

Rice production went to 700k tons under the PPP and increasing with a target of 1 mil tons in a few years.

Gold, well we knew the risks.

The biggest impediment to the development of the cash-crop economy was the price of energy as accessibility to regional markets are key. Downstream processing would make this more viable. How to they access cheap energy?

7/24/157:14 AM

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