Mars posted:Bibi Haniffa posted:Economists forecast the future of the markets based on current data available and expected cash flows, income, and spending. Every Finance Minister works with projected models because they need to have a plan for tomorrow. Are you telling me that they need powers to see into the future? All that aside, the point I am making is that Jordan says that the economy of Guyana is rebounding when that is not true.
And don't tell me about Jagdeo thief nothing until you can provide the evidence. And while you are at it, please tell me how much money Nagamootoo's trip to New York two weeks ago cost the taxpayers. And what was the purpose of that trip to the taxpayers of Guyana?
The esteemed economists from the World Bank predicted that Guyana's economy will grow between 3-5 % in the next few years. (published 9/8/2015). This is not coming from Jordan alone.
http://www.worldbank.org/en/country/guyana/overview
"Real GDP growth is projected to fluctuate within the range of 3 percent to 5 percent during 2015-2018."
Obviously the economy is not falling apart at the seams like you doom and gloom pundits are screaming. Increased production plus the increase in spending that will be available due to reduced PPP corruption and mismanagement and Guyana will be fine.
According to the World Bank report, since 1993 there has been improvement to the GDP... thanks to PPP. The projected 3 - 5 percent from 2015 - 2018 is a continuation from the foundation that PPP lay and added to this projection is the oil.