ba$eman posted:I was just with some visiting relatives from Guyana, business people. They think Jordan high on something!!
Yes, every thing collapsed since blackman tek over.
On a more serious note. The economy might be growing in real terms, but this is due to expansion of the gold sector by the Canadians. I am sure that their operations are capital intensive, so cannot absorb the small miners who cannot compete in todays lower prices.
So the spill over effect into the economy is less. In fact in the boom days gold is what saved many in Linden, G/T, and other places, and now that fewer are engaged in the industry less is available.
The "growth" under the PPP was merely oligarchs engaging in speculative ventures in retail and real estate, in order to launder their money derived from who knows where. This wasn't a sign of a healthy economy, so you really ought to cease your foolishness.
Guyana had a bubble economy, and its gradual demise began since 2014, when mortgage defaults began to increase. The banking sector was also highly liquid, suggesting that it wasn't investing in the productive sectors of the economy through loans.
Seriously neither the PPP nor the coalition have anything to boast about.