Mars posted:Bibi Haniffa posted:Mars posted:Bibi Haniffa posted:Django posted:Guyana moving along to achieve a better life for the people,no doom and gloom.
These are all PPP projects. Where are their projects? How can Guyana's economy start to rebound when the world economy is receding? This is not possible in any macroeconomic model, especially for a third world country with limited resources.
And they didn't tell us that $300 million was allocated to Independence Day celebrations.
You said that you have an economics degree a few days ago? Is it from one of those diploma mills? It's quite possible that Guyana's economy can rebound while the rest of the world economy is in decline. We did see this happen a few years ago when the price of gold was sky high. The world economy was in a recession leading to an investment rush on gold as a safe haven. Guyana's economy, having gold as a major commodity, expanded with the high gold prices. It has since declined due to the world economy getting better and the price of gold receding. Canada has seen this same decline since their economy is heavily dependent on commodities such as gold and oil. In the recession years when gold and oil were kings, the Canadian dollar was flying high, at one time above the US dollar. Today, with oil and gold at depressed prices, the Canadian Dollar is way down compared to the US Dollar.
Yes this was possible a few years ago when oil and gold was king. All commodity prices are down worldwide. Winston Jordan is talking about the current state of the economy. If there is truly a rebound he should provide the data to back it up and tell us where the capital is coming from. This government is spending more that it is producing. Your comment on Canada's declining economy supports exactly what I am saying. The key word here is Recession - NOT Rebound!!!
There was increased production in almost every sector last year over 2014. Rice, sugar, gold, bauxite and fisheries all showed increases. When the PPP prorogued Parliament, a lot of government spending was halted resulting in the economy hitting a speed bump. Once the new government passed the budget and spending resumed at normal levels, this obviously gave a boost to the economy.
But you all said sugar is failing. Now you are saying that they showed increases. Belize returned the rice that was shipped to them a few weeks ago. Nagamootoo went to Mexico to get new markets for rice and nothing happening yet. You are also saying that the increased production in 2014 is now boosting economy. If that is true then it is only a matter of time before that dwindles. What are the projected budgets for the rest of 2016 and beyond? I see new spending in Winston Jordan's budget. I do not see any new cash flow being generated - as yet.